WTI Edges Higher Near $80.00 as US-Iran Talks in Focus
WTI crude oil recovers slightly after yesterday's 3.7% drop, trading around $80.10 during Asian hours as market participants await developments from US-Iran peace negotiations.
WTI
West Texas Intermediate (WTI) crude oil is showing a modest recovery on Tuesday, trading near $80.10 per barrel during Asian hours. This follows a sharp 3.7% decline in the previous session.
The slight uptick comes as traders keep a close watch on ongoing US-Iran peace talks, which could potentially lead to increased Iranian oil supply and weigh on prices. The negotiations remain a key risk factor for oil markets in the near term.
Source: FXStreet Forex News