Oil prices settle in mixed direction on conflicting reports of US-Iran ceasefire deal
NEW YORK, May 28 (Reuters) – Oil prices settled mixed on Thursday after a choppy trading session, as traders mulled conflicting reports of progress on a potential deal to extend a ceasefire between the U.S. and Iran.
Brent crude futures for July, which expire on Friday’s settlement, closed down 58 cents, or 0.6%, at $93.71 a barrel. The more actively traded August Brent futures were last trading up by 72 cents at $92.97 as of 3:20 p.m. EDT (1720 GMT).
