Oil Prices Drop 4% as U.S.-Iran Talks in Switzerland Spark Market Optimism – Will Prices Recover?
Global oil prices fell by nearly 4% on Tuesday, their steepest drop in two weeks, as markets reacted to the first round of indirect negotiations between the United States and Iran in Switzerland. Benchmark Brent crude dropped to $84.32 per barrel, while West Texas Intermediate (WTI) fell to $80.15, according to data from Bloomberg Commodities. … Read more