Oil prices fall after Trump comments ease Iran supply fears
In short
Brent crude futures fell 72 cents, or 0.7%, to $103.53 a barrel by 0220 GMT after Trump’s comments on Iran talks. US West Texas Intermediate futures fell 52 cents, or 0.6%, to $90.97.
The move suggests traders worried less about oil supply. The report does not say what the talks would change next.
What the reporting says
Brent crude and US WTI crude fell on the reported comments by Donald Trump on Iran talks, which eased supply concerns in markets. Business Standard’s summary said Brent crude futures dropped 72 cents, or 0.7%, to $103.53 a barrel by 0220 GMT, while WTI fell 52 cents, or 0.6%, to $90.97. The immediate driver was sentiment on supply, but no further details were stated.
Why it matters
Brent crude and US West Texas Intermediate fell in early trade after Trump’s comments on Iran talks eased supply worries, according to the summary. Brent was down 72 cents to $103.53 a barrel and WTI down 52 cents to $90.97. The report ties the move to market sentiment around supply, but it does not say whether any actual supply change has happened.