Oil prices snap higher as U.S.-Iran nuclear talks jolt Brent and WTI; OPEC+ decision next
Brent crude rose $1.17 to $72.02 a barrel and WTI gained 87 cents to $66.29 as traders watched U.S.-Iran nuclear talks in Geneva. U.S. crude inventories jumped by 16 million barrels last week, according to the EIA. OPEC+ meets March 1 to consider an output hike. The EU is coordinating with G7 on a possible ban affecting Russian oil exports.