Oil Extends Gain as Trump Cools Prospects for Talks With Iran

Brent crude extended gains to trade above $92 a barrel while WTI crossed $85, climbing for a fourth straight session as President Trump played down prospects of near-term talks with Iran and threatened broader strikes. Supply risks have spread beyond the Middle East to Russia's Black Sea coast after attacks on the Caspian Pipeline Consortium terminal. Brent could breach $100 a barrel before year-end if the Middle East conflict drags on and OECD commercial inventories draw further, according to Bernstein.