The Economic Times

What is oil price prediction for Monday? Oil prices fall as US-Iran ceasefire talks support market sentiment

What is oil price prediction for Monday? Oil prices ended lower on Friday as investors reacted to signs of progress in talks between the United States and Iran. Markets focused on the possibility of an extended ceasefire and the reopening of shipping routes through the Strait of Hormuz. Brent crude and West Texas Intermediate both declined, while stock markets showed mixed performance. Traders are now watching diplomatic developments that could influence oil prices when trading resumes on Monday.