By Jane Merriman 1 hour, 10 minutes ago LONDON (Reuters) - Oil rose back above $130 a barrel on Monday after inconclusive talks at the weekend between Iran and world powers helped the market to recover from its biggest one-week slide on record.Tropical Storm Dolly, which is headed for Mexico's Yucatan Peninsula, also helped to boost the market as the storm was set to pass just north of Mexico's huge Cantarell oilfield.
Oil's losses last week were the biggest in dollar terms since futures began trading in New York in 1983 and in percentage terms the steepest sell-off since late 2004.
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