Oil Prices Stabilize Ahead of Next Week's US-Iran Nuclear Talks Amid Mideast Military Presence

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Oil Prices Steady as US-Iran Nuclear Talks Continue Amid Middle East Tensions

Oil Prices Steady as US-Iran Nuclear Talks Continue Amid Middle East Tensions

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CNBC TV18•27-02-2026, 06:43

Oil Prices Steady as US-Iran Nuclear Talks Continue Amid Middle East Tensions

•Oil prices stabilized after the US and Iran agreed to further nuclear talks next week, despite ongoing tensions in the Middle East.
•West Texas Intermediate traded above $65 a barrel, and Brent settled below $71.
•Iran reported good progress in recent Geneva talks, but the US expressed disappointment, with both sides agreeing to meet next in Vienna.
•Prices remain elevated this year due to concerns about a potential US strike on Iran, offsetting expectations of a supply glut.
•Traders await the OPEC+ supply meeting on Sunday, as conflict risks cloud the market outlook.

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