Oil traded near the highest close in more than two years as optimism over burgeoning U.S.-led demand outweighed concern that Iranian supplies will jump should sanctions on official exports be lifted. West Texas Intermediate edged higher after settling at the strongest since October 2018 on Thursday. With prices stuck within a $10 range since March, market volatility has taken a hit, falling to its lowest level since August on the global Brent benchmark. With the U.S. economy recovering from the pandemic, more drivers are taking to the roads and stockpiles are drawing. Monday marks Memorial Day in the U.S., a holiday weekend that sees the start of the summer driving boom in the U.S. That positive picture is being clouded, at least for now, by concerns that talks in Vienna between Tehran and world powers to revive a nuclear accord will pave the way for lifting U.S. sanctions. Should […]