US-Iran war, May 14 -- Oil prices edged higher on Thursday, 14 May, as investors closely watched the crucial meeting between US President Donald Trump and Chinese President Xi Jinping for any positive developments regarding the Iran conflict, which has severely impacted global oil supplies.

Brent crude futures gained 26 cents, or 0.25%, to $105.89 per barrel, while US West Texas Intermediate (WTI) crude futures rose 32 cents, or 0.32%, to $101.34 per barrel.

Both benchmark contracts had declined on Wednesday, with Brent crude dropping more than $2 a barrel and WTI crude over $1.

Back home, crude oil prices on Multi Commodity Exchange (MCX) also turned green after opening in the red. MCX crude oil prices rose marginally to Rs.9,713 per ...