00:00International oil prices have risen again to over $100 a barrel amid concerns over the stalled U.S.-Iran peace talks
00:08and tightening fuel markets in the United States.
00:11The Brent November futures contract, which expired on Wednesday, increased by about 1% to close at $103.53 a
00:20barrel.
00:21Brent recorded a monthly gain of around 14%, its biggest since July.
00:26Data released by the U.S. Energy Information Administration showed that both petrol and distillate fuel oil inventories fell last
00:33week.
00:33Its stockpiles have dropped as countries around the world call on the U.S. to fill the gap in the
00:38supply of oil and other petroleum products as a result of the war.
00:41Even though Gulf crude shipments are recovering, the conflict has left global inventories depleted and supplies of refined products such
00:48as diesel remain tight.
00:49That could keep energy prices high even as more crude reaches the market.
