Source: bloomberg.com

WTI nears $90 as Brent slips; risk-on markets and rising inventories pressure crude despite Iran deal hopes.

Source: vtmarkets.com

Source: fxstreet.com

Oil prices remained mixed on Tuesday as hopes of progress in US-Iran talks were offset by fresh US military strikes in Iran. While the US oil benchmark West Texas Intermediate slipped 5.46% to $91.33 a barrel, Brent crude from the North Sea moved higher, gaining 2.35% to trade at $98.40 per barrel.

Source: timesofindia.indiatimes.com

West Texas Intermediate (WTI) oil price gains ground after four days of losses, trading around $90.60 per barrel during the Asian hours on Tuesday. Crude oil prices advance on renewed supply concerns after the United States (US) forces conducted self-defense strikes in southern Iran on Monday.

Source: fxstreet.com

Donald Trump also said negotiations with Iran were “proceeding nicely,” but cautioned that the U.S. could resume military action if discussions were to collapse.

Source: cnbc.com

Why are oil prices crashing down today, and will Brent and US WTI crude futures continue to decline or move upwards again? Oil prices dropped nearly 7% after reports suggested the United States and Iran were moving closer to a deal linked to the Strait of Hormuz. Brent crude and US WTI futures declined as traders reacted to hopes of improved oil supply. Analysts said uncertainty still remains because negotiations are not final and oil flows through the region continue to face restrictions.

Source: economictimes.indiatimes.com

WTI Crude update: WTI Crude oil prices plunge 7% as President Trump projects a reopening of the Strait of Hormuz within 30 days. Explore our in-depth intraday technical analysis.

Source: marketpulse.com

Oil prices drop as hopes for a US-Iran deal rise. Crude oil reaching a new all-time high by May 31 at 1.5% YES.

Source: cryptobriefing.com

International oil prices plunged by around 7% amid expectations for progress in negotiations between the United States and Iran. The hope that the Str

Source: asiae.co.kr

Tradingkey – Since the outbreak of the conflict in Iran, international crude oil prices have climbed rapidly. Over the past several months, U.S. economic data has consistently confirmed that inflationary pressures triggered by rising oil prices are spreading across the entire supply chain. Against this backdrop, the market moved early to price in Federal Reserve rate hike expectations, driving U.S. Treasury yields to continuous new periodic highs. However, a major turning point has emerged in the geopolitical landscape, with prospects for a peaceful resolution to the U.S.-Iran conflict. Consequently, WTI crude oil futures fell below the $90 per barrel psychological mark today for the first time since May 7. This shift has introduced uncertainty to the previously “certain” rate hike expectations that had broadly formed within the market.

Source: tradingkey.com

Oil markets tested new lows as President Trump said that negotiations were “proceeding nicely”.

Source: fxempire.com

WTI oil is back to early May levels, when initial peace processes were announced as Trump foreshadowed a reopening of the Strait of Hormuz in 30 days.

Source: seekingalpha.com

Scotiabank’s Global FX Strategy team highlights that global benchmark Oil prices are lower, with WTI nearing the psychologically important $90/bbl level and Brent slipping toward the mid-$90s after briefly trading above $100/bbl.

Source: fxstreet.com

Global oil prices fell on the day, with West Texas Intermediate approaching the psychologically important $90-a-barrel level and Brent crude easing towards the mid-$90s after briefly trading above $100 overnight.The pullback came as broader financial markets shifted back into risk-on mode.Equities…

Source: tradingview.com