The Economic Times

Why are oil prices down today, and will Brent and US WTI crude futures continue to fall or rise again? Analysts insights, market outlook and what should investors do now

Why are oil prices down today, and will Brent and US WTI crude futures continue to fall or rise again? Oil prices fell about 3% after a fragile ceasefire between the United States and Iran held and a ship moved through the Strait of Hormuz. The market reacted to reduced supply risk and hopes of shipping recovery. Analysts now watch inventory data and geopolitical risks to understand whether Brent and US WTI crude futures will fall further or rise again.