BEIJING/SINGAPORE: Oil prices gained more than 1 percent on Thursday, paring previous losses as investors monitored peace talks between the US and Iran, while supply tightness and US inventory drawdowns provided some support. Brent crude futures rose $1.27, or 1.21 percent, to $106.29 a barrel by 09:18 a.m. Saudi time, and US West Texas Intermediate futures were up $1.29 cents, or 1.31 percent, at $99.55.
