WTI Crude Prices Slide Amid Diplomatic Optimism and Geopolitical Tensions
WTI crude oil prices extended their decline for a fourth straight session on Monday, hovering around $93.60 per barrel during Asian trading hours.
The latest pullback in crude is being linked to market expectations that stepped-up diplomatic activity could ease the Middle East conflict and help normalize energy flows from the region.
US President Donald Trump signaled his willingness to meet Iranian President Masoud Pezeshkian on the sidelines of the United Nations General Assembly, which boosted market sentiment.