Oil crept higher with prices trading near their highest level since 2018. Futures in New York erased earlier losses to trade above $69 a barrel. A significant draw in American crude stockpiles added positive signs to a market buoyed this week by the deferring of expectations of when a nuclear deal with Iran would be signed. A U.S. State Department spokesman said on Thursday that there should be a sixth round of negotiations to revive the nuclear deal and “there’s just about every expectation there will be subsequent rounds beyond that.” The Iranian talks come against the backdrop of a market where demand is recovering sharply in the west, but remains patchy in parts of Asia. OPEC+, which agreed to hike its output in July this week, may need to keep adding barrels to the market in August or September to meet the recovery, according to Gazprom Neft PJSC […]