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Oil prices decline on positive US-Iran talks

Oil prices declined over 1% as Brent crude fell $1.38 to $71.57 per barrel and US WTI dropped 92 cents to $68.58. This drop follows positive comments from US leaders on Iran negotiations, marking the lowest levels since March.

pre-market1 source ↓written by the desknot a recommendation

1.89
$1.38
per barrel
$71.57
1.32
92 cents
per barrel
$68.58

Oil prices fell over 1% as markets reacted to optimistic remarks from US leaders regarding negotiations with Iran.

• Brent crude dropped $1.38 (1.89%) to $71.57 per barrel.

• US West Texas Intermediate crude decreased 92 cents (1.32%) to $68.58 per barrel.

Both benchmarks hit their lowest levels since March, impacting trader sentiment.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 2 Jul 2026, 07:06 IST.

Sourcesnews.google.com

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