Oil rebounds amid U.S.-Iran signals, Brent $102.19 WTI $96.25
Business
Oil prices made a comeback on Thursday after dropping 10% in the last session.
Brent crude is up to $102.19 a barrel, and US oil (WTI) climbed to $96.25.
The quick rebound follows mixed signals about U.S.-Iran relations that had markets on edge.
Trump warning overshadows U.S.-Iran peace talks
Talks of a possible peace deal between the US and Iran were quickly overshadowed when President Trump warned Iran it would be bombed "at a much higher level" if they fail to accept the agreement.
Both sides are closer than at any point since the conflict began, with Iran expected to respond soon.
Meanwhile, analysts warn that if tensions shut down key oil routes like the Strait of Hormuz, prices could skyrocket, so global markets are watching closely.