Oil prices rebound, possibly due to the rebound of U.S. stocks and the postponement of U.S.-Iran negotiations.
Oil prices rebounded on Thursday, supported by strong financial reports from Meta and Microsoft, which boosted the US stock market and offset concerns about the US economy and the prospect of increased production by OPEC+. Thamas Valga, an analyst at oil brokerage firm PVM, said, "The rise in the stock market could be attributed to the financial reports from Microsoft and Meta, as well as the delay of the next round of US-Iran nuclear talks." Oman announced on Thursday that the next round of US-Iran nuclear talks, originally scheduled for Saturday, May 3, will be postponed due to logistical reasons.
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