Crude oil prices today: Brent, WTI fall up to 6% on hopes of US-Iran talks; supply risks persist
Oil prices declined sharply on Tuesday as hopes of renewed talks between the US and Iran eased concerns over prolonged supply disruptions, even as underlying risks to global energy flows remained elevated. Brent crude futures fell $3.93, or 3.96%, to $95.43 a barrel, while US West Texas Intermediate (WTI) crude dropped $6.60, or 6.66%, to $92.48, Reuters reported.
The decline follows a strong rally in the previous session, when Brent rose more than 4% and WTI nearly 3% after the US military began a blockade of Iranian ports.
