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Crude Futures Set For Third Straight Gain

OIL

Oil is higher in Asia, on track for the third day of gains. The surge over the previous two sessions equates to 6%. WTI is up $0.14 from settlement levels at $66.14/bbl, Brent is up $0.23 at $68.69/bbl. Talks between Iran and the international community are set to continue this week with chatter that a deal can be reached soon, which would pave the way for a return of Iranian crude to the market. Iranian President Rouhani spoke with Chinese President Xi yesterday with talks centering around deeper trade ties and energy. Markets look ahead to the API US stockpile report later in the day.

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