ReportedShipping, energy & marketsGlobal oil markets
Oil prices fall as renewed Middle East diplomacy lifts peace hopes
- Mountain Time
- Local time
- 6:15 AM UTC
- Where
- Global oil markets
OilPrice.com reported Brent crude trading at $114.85 a barrel and West Texas Intermediate at $100.87 as prices moved lower on renewed diplomatic efforts and profit-taking. Brent had ended the previous week above $117 and WTI above $103.
Why it matters
The decline lowers benchmark crude costs for buyers, although both contracts remain above $100 a barrel.
Source
- OilPrice.comoilprice.comPublished
Confidence: Published by a named news organization. Not yet independently confirmed. About confidence labels