investment

Oil Prices Swing Between Gains and Losses Ahead of Iran-US Talks

Alex Longley, Rong Wei Neo

1 min read

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⚡ Quantum Brief

Oil prices fluctuated between gains and losses Friday as traders awaited critical Iran-US talks that could determine the fate of a fragile ceasefire. West Texas Intermediate hovered near $99 per barrel in New York trading, reflecting market uncertainty ahead of the negotiations. Brent crude rose 1% to around $97, showing slight resilience amid broader weekly declines of about 12% for WTI futures. Light trading volumes suggested cautious investor sentiment as geopolitical tensions overshadowed market fundamentals. The outcome of the talks may dictate near-term oil supply risks, with potential disruptions if the ceasefire collapses.

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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000War With Iran:Oil flipped between gains and losses Friday in relatively light trading ahead of talks between Iran and the US that will dictate the path ahead for a fragile ceasefire.West Texas Intermediate traded near $99 a barrel at 11:43 a.m. in New York, with futures down about 12% this week. Brent oil was up 1% at around $97.

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Source: Bloomberg

Website: https://feeds.bloomberg.com/markets/news.rss

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