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Commodities

Oil Prices Slide Amid Ceasefire Talks Between US and Iran

Guavy AI Editorial Team
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Oil
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Oil prices dipped on Friday after a significant increase the day before, as traders monitored ceasefire talks between the US and Iran that could impact oil dynamics.

The price of Brent crude oil fell by $0.87, or 0.82%, to reach $105.73 per barrel, while WTI dropped by $1.56, or 1.65%, to $93.05 per barrel.

The spread between Brent and WTI prices reached a high of $12.68 per barrel, linked to concerns over a potential US ban on diesel fuel exports that could lead to an oversupply in the domestic market.

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