Key facts
- Brent crude futures for August delivery have risen above $95 a barrel.
- The price increase was reported by Attaqa0 on Twitter.
Oil prices are sensitive to geopolitical events and supply/demand dynamics. Earlier reports indicated a fall in Brent crude prices to $93.94 following confirmation of U.S.-Iran talks. However, this new information suggests a reversal, with prices climbing above $95 a barrel.