Business & Finance
Oil Declines on Signs of Moves Toward Gulf War De-Escalation
Key Points
Oil Declines on Signs of Moves Toward Gulf War De-Escalation Oil erased an earlier advance as traders weighed reports of US engagement in efforts to step up negotiations in the Middle East. Global benchmark Brent traded below $98 a barrel after climbing almost 4% higher in the previous session, extending a volatile stretch in which prices have swung within a $19 range since Monday. Qatar Emir Sheikh Tamim Bin Hamad Al-Thani discussed diplomatic efforts to de-escalate tensions in the region...
Oil Declines on Signs of Moves Toward Gulf War De-Escalation
Oil erased an earlier advance as traders weighed reports of US engagement in efforts to step up negotiations in the Middle East.
Global benchmark Brent traded below $98 a barrel after climbing almost 4% higher in the previous session, extending a volatile stretch in which prices have swung within a $19 range since Monday. Qatar Emir Sheikh Tamim Bin Hamad Al-Thani discussed diplomatic efforts to de-escalate tensions in the region with US President Donald Trump during a phone call, according to the Emir’s office.