Oil prices declined Thursday as prospects of renewed peace negotiations eased fears of supply disruptions stemming from escalating tensions in the Middle East.
Oil prices fall as hopes of renewed US-Iran peace talks ease supply fears, while Middle East tensions and inflation concerns keep markets on edge.
Brent crude fell 1.1% to $114.10 a barrel and WTI dropped 1.3% to $101.45, paring Wednesday's gains as reports of renewed diplomatic efforts eased concerns over supply disruptions
Oil prices fell as traders assessed fresh U.S. efforts to revive peace negotiations with Iran, while persistent Middle East supply risks and the possibility of renewed military escalation limited...
First reported:
First saved on ClustZ:
Coverage updated:
We use cookies to improve your experience and analyze site traffic. By clicking "Accept", you agree to our use of cookies. See our Privacy Policy.