Thursday 24 March 2022

Oil prices see-saw amid hopes of Iran deal, supply woes linger | Reuters

Oil prices see-saw amid hopes of Iran deal, supply woes linger | Reuters

Crude prices declined in volatile trading on Thursday as investors assessed the potential for new supply in tight markets amid prospects of a new Iran deal.

Brent futures were down 15 cents, or 0.12%, at $121.45 a barrel, after falling more than $1 earlier in the session.

U.S. West Texas Intermediate futures fell 75 cents, or 0.65%, to $114.18 a barrel at 0729 GMT, after shedding over $2 earlier.

The contracts had gained $2 and $1, respectively, in morning trade.

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