Oil prices decline 1% as US and Iran continue talks
pre-market1 source ↓written by the desknot a recommendation
- futures fell
- $0.67
- a barrel
- $67.38
- $0.61
- $62.94
Oil prices dropped 1% on Monday as fears of conflict in the Middle East eased. Brent crude futures fell $0.67 to $67.38 a barrel, while WTI crude was down $0.61 at $62.94. Analysts noted that ongoing talks between the US and Iran regarding Tehran's nuclear program have calmed investor concerns over potential supply disruptions.
The commitment to further discussions has reduced immediate worries about escalating tensions in the region, which could impact oil supply.
Not investment advice. For informational purposes only.