Oil Prices Retreat as Hopes for Talks Ease Middle East Supply Concerns
Baghdad /NINA/ – Oil prices fell on Thursday, giving up some of the previous session’s gains as hopes for renewed negotiations eased concerns over potential disruptions to Middle Eastern supplies amid escalating regional conflict.
As of 0132 GMT, Brent crude futures fell by 82 cents, or 0.7%, to $114.50 a barrel. U.S. West Texas Intermediate (WTI) crude futures declined by $1.04, or 1%, to $101.74 a barrel.
In the previous session, Brent crude rose 1.3%, while WTI gained 3%.
The Wall Street Journal reported on Wednesday, citing U.S. officials and other sources, that U.S. Vice President JD Vance had sought to revive negotiations aimed at ending the war by sending a message to Mohsen Rezaei, secretary of Iran’s Supreme National Security Council.
“Selling pressure is prevailing amid expectations that peace talks could resume. However, the decline remains limited,” said Yuki Takashima, an economist at Nomura Securities./ End
ليصلك المزيد من الأخبار اشترك بقناتنا على التليغرام
As of 0132 GMT, Brent crude futures fell by 82 cents, or 0.7%, to $114.50 a barrel. U.S. West Texas Intermediate (WTI) crude futures declined by $1.04, or 1%, to $101.74 a barrel.
In the previous session, Brent crude rose 1.3%, while WTI gained 3%.
The Wall Street Journal reported on Wednesday, citing U.S. officials and other sources, that U.S. Vice President JD Vance had sought to revive negotiations aimed at ending the war by sending a message to Mohsen Rezaei, secretary of Iran’s Supreme National Security Council.
“Selling pressure is prevailing amid expectations that peace talks could resume. However, the decline remains limited,” said Yuki Takashima, an economist at Nomura Securities./ End
ليصلك المزيد من الأخبار اشترك بقناتنا على التليغرام
