Oil prices are mixed in the morning Asian session as traders await the second round of U.S.-Iran talks this week. “There is still a large risk premium priced into the market given the uncertainty over how the situation between the U.

Oil prices edged up on Monday as investors weighed the market implications of upcoming U.S.-Iran talks aimed at de-escalating tensions against a backdrop of expected OPEC+ supply increases.

Oil prices are broadly steady ahead of a second round of talks between the U.S. and Iran this week. Brent crude rises 0.1% to $67.60 a barrel, while WTI is flat at $62.30 a barrel after posting weekly losses last week.

Oil edged higher as traders monitored geopolitical risks before talks between the US and Iran that are expected to resume on Tuesday.