It’s Ground Hog day again but this movie isn’t funny.
Oil prices edged higher in early trading Wednesday as investors reacted to Iran’s decision not to hold direct talks with U.S. envoys Steve Witkoff and Jared Kushner on Tuesday in Qatar. Brent crude futures rose 50 cents, or 0.69%, to $73.45 a barrel by 12:08 GMT, while U.S. West Texas Intermediate crude gained 63 cents, or 0.91%, to $70.13 a barrel, Reuters reported. Iranian officials and Qatari mediators said the U.S. delegation would meet with intermediaries rather than hold direct talks with Iranian officials, the outlet said (Fox News).
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