WTI Holds Near One-Week Low Around $81.00 on US-Iran Talks
West Texas Intermediate crude is consolidating heavy losses near $81 per barrel as traders watch for progress in US-Iran nuclear negotiations.
WTI
WTI crude oil is hovering around the $81.00 level, steadying after a sharp drop that marked a one-week low. The benchmark has paused its decline as market participants assess the latest signals from talks between Washington and Tehran.
A potential revival of the Iran nuclear deal could pave the way for increased Iranian crude exports, adding to global supply. The negotiations are being closely monitored amid already fragile sentiment in energy markets.
Source: FXStreet Forex News