Crude oil prices fall for second day as market hopes for diplomatic resolution to Iran war

Crude oil prices fell Tuesday for a second consecutive day as markets anticipated a diplomatic resolution to the U.S.-Iran conflict. West Texas Intermediate futures dropped 63 cents to $95.83 a barrel, while Brent crude declined $1.59 to $103.18. The decline followed reports that Qatar is mediating talks between Washington and Tehran, despite ongoing limited U.S. military strikes and continued attacks on commercial shipping in the Persian Gulf.

Source: Crude oil prices fall for second day as market hopes for diplomatic resolution to Iran war — CNBC

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Topics: iranwar · oilprices · crudeoil · middleeast · diplomacy · globaleconomy