US Edition
Oil falls as investors assess mixed messaging on Iran peace talks ahead of ceasefire deadline
5 Articles
5 Articles
Oil prices edge lower with U.S.-Iran talks in focus ahead of ceasefire expiry
(Investing) – Oil prices fell on Tuesday as markets parsed mixed signals on fresh U.S.-Iran talks before the expiry of a temproary ceasefire later this week. Brent oil futures, the global benchmark, were last lower by 0.5% at $94.95 a barrel, while U.S. West Texas Intermediate crude futures for May had dropped 1.8% to $88.04 a barrel. Crude prices had risen sharply in the prior session, reversing steep losses notched last week, after tensions bet
In Monday's US trading, the momentum from the leading indices ran out, investor sentiment was again weighed down by developments in the Middle East and uncertainty around the Strait of Hormuz, while oil prices also jumped. This morning, the picture in Asia was somewhat more favorable, with Japanese, South Korean and Taiwanese markets also strengthening, and oil retreating after Monday's jump. A search for direction is visible in Europe, as inves…
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