Oil prices climb amid uncertainty over Iran president's fate

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Oil Prices News

Ebrahim Raisi,National Stockpile,Iran's President

Oil prices rose in early Asian trading on Monday, adding to last week's gains as rescuers searched for Iran's president after a helicopter crash in the oil...

BEIJING - Oil prices rose in early Asian trading on Monday, adding to last week's gains as rescuers searched for Iran's president after a helicopter crash in the oil-producing nation and after the U.S. bought crude to help refill the national stockpile.

The Organization of the Petroleum Exporting Countries and allies, together called OPEC+, are scheduled to meet on June 1. Supporting the market last week, signs of easing inflation in the U.S. boosted expectations of interest rate cuts, which could decrease the value of the dollar and make oil cheaper for holders of other currencies.

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