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Bloomberg Quint
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Oil Edges Higher With Focus On Tariff Moves, US-Iran Discussions
- Oil rises as traders monitor US moves in trade war and looser restrictions on Iranian crude.
- Brent trades above $65 per barrel, while West Texas Intermediate remains near $62.
- Oil demand outlooks have been reduced due to the global trade war and OPEC+ decision to increase output.
- The US and Iran have held constructive nuclear discussions, which may lead to increased oil output from Iran.
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