Oil highest since 2018 with Iran deal elusive and OPEC talks due

WTI futures rise as much as 3.2%, Brent earlier topped $70

US crude futures climbed to the highest in more than two-and-a-half years after the OPEC+ alliance forecast a tightening global market, while international efforts to revive a nuclear deal with Iran were yet to reach a breakthrough.
 
West Texas Intermediate rose as much as 3.2 per cent from Friday’s close to $68.42 a barrel, while global benchmark Brent topped $70, a level it has failed to hold for a sustained period since 2019.
 
The oil glut built up during the coronavirus pandemic has almost gone and stockpiles will slide rapidly in the second half of the year, according