Oil Prices Tumble as Crucial U.S.-Iran Talks Begin
Market Intelligence Analysis
AI-PoweredOil prices have fallen by 2% as US-Iran talks begin, with WTI Crude and Brent Crude trading below $65 and $70 per barrel respectively, indicating a potential decrease in demand and uncertainty in the market.
Market impact analysis based on bearish sentiment with 85% confidence.
Article Context
Oil prices fell by about 2% early on Thursday as the crucial U.S.-Iran talks began in Geneva in what analysts see as one last attempt to reach a nuclear deal through diplomacy. As of 7:50 a.m. ET on Thursday, the U.S. benchmark, WTI Crude, traded down by 1.61% to below the $65 per barrel threshold, at $64.38. The international benchmark, Brent Crude, was falling by 1.27% and was just below $70 per barrel, at $69.96. Prices were under pressure after the latest weekly data by the U.S. Energy Information Administration (EIA) showed…
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