Oil hovers below its highest level in seven months as traders pay attention to US-Iran talks and trade policy

Oil prices hovered below a nearly seven-month high on Tuesday as traders assessed the prospects for US-Iran nuclear talks amid heightened tensions in the Middle East, while also weighing uncertainty around US trade policy. Brent crude futures fell 9 cents, or 0.1%, to $71.40 a barrel by 01:20 GMT, after a volatile session on Monday […]

The oil price drops by 2% due to the threat of supply surpluses and the hope for a peace agreement with Ukraine

Oil prices fell more than 2% on Friday as investors factored in a looming global supply glut, while also keeping an eye on a potential peace deal in Ukraine ahead of this weekend’s talks between Ukrainian President Volodymyr Zelenskiy and US President Donald Trump. Brent crude futures fell $1.60, or 2.57%, to $60.64 a barrel. […]