ReportedShipping, energy & marketsGlobal oil markets
Brent retreats to $114.14 as renewed US outreach lifts Iran peace-talk hopes
- Mountain Time
- Local time
- 6:05 AM UTC
- Where
- Global oil markets
OilPrice.com reported Brent crude trading at $114.14 a barrel and West Texas Intermediate at $101.45, both below Wednesday's levels. The outlet linked the decline to renewed hopes for negotiations following reported US diplomatic outreach to Iran.
Why it matters
The decline lowers benchmark crude costs for buyers, though both contracts remain well above their early-October levels.
Source
- OilPrice.comoilprice.comPublished
Confidence: Published by a named news organization. Not yet independently confirmed. About confidence labels