The Economic Times

Why are oil prices down today and will Brent, US WTI crude futures continue to drop or rise again? Oil settles lower after Iran talks progress

Why are oil prices down today and will Brent, US WTI crude futures continue to drop or rise again? Oil prices fell after the United States said talks with Iran showed progress and military action was paused. Brent and WTI futures dropped after recent highs. Supply risks in the Middle East, Chinese refinery cuts, sanctions, SPR drawdowns, and refinery disruptions continue to shape market direction and investor outlook for crude prices.