U.S. oil ends higher as traders weigh developments tied to the EU Iran nuclear deal draft

U.S. oil futures climbed Wednesday, settling at a more than three-week high as traders reviewed reports of developments tied to the European Union’s draft Iran nuclear agreement. Oil prices fell when Bloomberg reported that Iran was assessing the U.S. response to the draft deal, then moved up when Iran International, citing reports from Al-Arabiya, tweeted that the U.S. rejected all additional conditions requested by Iran. October WTI crude CLV22, +1.69% rose $1.15, or 1.2%, to settle at $94.89 a barrel on the New York Mercantile Exchange, the highest front-month contract settlement since July 29, FactSet data show.