Oil prices gain on short-covering, nuclear talks

Brent crude futures settled at US$64.78 a barrel, up 34 cents, or 0.54%. US West Texas Intermediate crude futures finished at US$61.53, up 33 cents, or 0.54%.

HOUSTON: Oil prices gained on Friday as US buyers covered positions ahead of the three-day Memorial Day weekend amid worries over the latest round of nuclear talks between American and Iranian negotiators.

Brent crude futures settled at US$64.78 a barrel, up 34 cents, or 0.54%. US West Texas Intermediate crude futures finished at US$61.53, up 33 cents, or 0.54%.