Crude oil prices decline on supply outlook and US-Iran talks
after close1 source ↓written by the desknot a recommendation
- dropped
- $1.09
- per barrel
- $98.16
- decreased
- $1.50
- $89.01
Oil prices fell on Wednesday as Brent crude dropped $1.09 to $98.16 per barrel, while WTI decreased $1.50 to $89.01. This marks a six-session decline, driven by improved Gulf supply following Saudi pipeline restarts and hopes for US-Iran diplomatic talks. The market sentiment is shifting towards a more constructive outlook for global oil supply.
Not investment advice. For informational purposes only.