From Investing.com: 2025-05-22 06:17:00

1. US-Iran Nuclear Talks Create Supply Uncertainty
   US-Iran nuclear talks continue, with Oman mediating between the two sides. Iran has agreed to a proposal by Oman, but obstacles remain. Tehran seeks sanctions relief to increase oil exports, aligning with potential OPEC+ production increases. Market uncertainty rises with mixed signals and possible Israeli strike on Iran’s nuclear facilities.

2. OPEC+ Production Increase and Market Dynamics
   WTI crude drops to $60.65 per barrel, down 1.49% from the previous settlement. Brent crude falls to $63.94. OPEC+ considers a 411,000 barrels per day output increase for July. US inventory data shows mixed demand signals, with commercial crude inventories rising by 0.3% and gasoline inventories up by 800,000 barrels.

Read more at Investing.com: Oil Prices Slide on US-Iran Deal Hopes and OPEC+ Production Gains