BEIJING, May 27 : Oil prices pulled back from recent highs on Wednesday, erasing some of the previous day's 4 per cent gain as traders sought clarity on complex negotiations between Iran and the U.S. after renewed hostilities set back efforts to reopen the Strait of Hormuz.Brent crude futures fell $1.42, or 1

HOUSTON, May 22 : Oil prices climbed on Friday, as investors worried that the U.S. and Iran would be unable to reach a peace agreement that would allow shipping traffic to return to normal in the Strait of Hormuz. Brent crude futures settled at $103.54 a barrel, up 96 cents, or 0.94 per cent. U.S. West Texas

HOUSTON, May 22 : Oil prices climbed on Friday, as investors worried that the U.S. and Iran would be unable to reach a peace agreement that would allow shipping traffic to return to normal in the Strait of Hormuz. Brent crude futures settled at $103.54 a barrel, up 96 cents, or 0.94 per cent. U.S. West Texas