Oil prices are falling further Monday morning, with WTI crude trading around $80.2 per barrel, down about 5.5%, while Brent crude is at about $83.1, down roughly 4.8%, according to market reports. Natural gas prices also declined about 2.1%.
Oil prices continued to slide Monday morning as the market priced in progress in US-Iran negotiations, according to N12's business desk. WTI crude fell to around $80.2 per barrel, extending a volatile week that saw a sharp plunge early Monday following a since-deleted claim of a US-Iran peace deal, as The Zioneer reported at the time. The current drop brings WTI to its lowest level in weeks. Brent crude fell to about $83.1, with natural gas prices also declining roughly 2.1%. The downward trend comes after a period in which oil surged past $93 following President Trump's threats against Iran and disclosure of a US operation seizing 22 Iranian oil tankers. Negotiations have since shifted the market's direction. The actual Iran deal remains unconfirmed and details of the talks have not been released.
3 developments
Source and signal
- Internal intake