Oil futures climbed more than $1 a barrel on Monday, after Saudi Arabia raised prices for crude sales to Asia for a second month, signaling better demand in the region. International benchmark Brent regained ground after tumbling as much as 5 percent on Thursday, when a preliminary nuclear deal was finally reached between world powers and Iran. More Iranian oil could enter global markets if that is followed by a comprehensive deal by June. But analysts warned a ramp-up in exports could take months and would likely not happen before 2016. “While clearly a bearish headline, a final deal and full lifting of sanctions still faces a number of obstacles,” Morgan Stanley analysts said in a note. “Even if a final deal is reached, we do not expect any physical market impact before 2016,” the analysts said. Brent crude for May delivery LCOc1 touched a high […]