Oil prices drop more than 2% as a pause in U.S.-Iran hostilities raises de-escalation hopes
Investing.com -- Oil prices extended their sharp retreat in Asian trading on Tuesday after tumbling more than 9% overnight, as hopes for renewed talks between the United States and Iran eased fears of a broader disruption to Middle East crude supplies. As of 20:44 ET (00:44 GMT), Brent Oil Futures slipped 0.6% to $87.85 a barrel, while Crude Oil WTI Futures fell 0.8% to $81.96 a barrel after plunging more than 9% in the previous session.
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Investing.com -- Oil prices extended their sharp retreat in Asian trading on Tuesday after tumbling more than 9% overnight, as hopes for renewed talks between the United States and Iran eased fears of a broader disruption to Middle East crude supplies. As of 20:44 ET (00:44 GMT), Brent Oil Futures slipped 0.6% to $87.85 a barrel, while Crude Oil WTI Futures fell 0.8% to $81.96 a barrel after plunging more than 9% in the previous session. The latest losses came as investors continued to unwind last week’s rally, with signs of de-escalation prompting traders to scale back bets that the conflict would severely disrupt global oil exports. Get premium commodity market insights with InvestingPro – now 60% off Crude has reversed sharply over the past two sessions after briefly pushing Brent above $100 a barrel last week, as traders increasingly bet the worst of the Middle East conflict may have passed.
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- Investing.com -- Oil prices extended their sharp retreat in Asian trading on Tuesday after tumbling more than 9% overnight, as hopes for renewed talks between the United States and Iran eased fears of a broader disruption to Middle East crude supplies. As of 20:44 ET (00:44 GMT), Brent Oil Futures slipped 0.6% to $87.85 a barrel, while Crude Oil WTI Futures fell 0.8% to $81.96 a barrel after plunging more than 9% in the previous session.
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- 1 outlet, average source rating 6.0/10.
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- 1d ago.
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Oil extends slide as U.S.-Iran talks raise hopes of lasting de-escalation
Sources1TypeCoverageInvesting.com · Stock Market