Oil prices fell below their highest level in about seven months. Brent crude oil futures fell 9 cents, or 0.1%, to $71.40 per barrel after volatile trading yesterday, with prices hitting $72.50, the highest since July 31.
U.S. West Texas Intermediate crude oil futures fell 0.2%, or the equivalent of 11 cents, to $66.20 per barrel, after rising to $67.28 in the previous session, the highest since Aug. 4.
commercial uncertainty
In yesterday’s trading, oil prices turned higher during trading due to trade uncertainty following the US Supreme Court ruling, as well as the US and Iran preparing to hold third round of nuclear talks.
Brent crude oil futures due next April rose slightly by 0.1% to $71.81 per barrel.
U.S. Nymex crude oil futures for April delivery rose about 0.15% to $66.58 a barrel last week, and Brent crude rose more than 5% last week to hit $72.34, its highest since July 2025, on growing concerns about a possible military conflict between the U.S. and Iran.
Oil prices fell below their highest level in about seven months. Brent crude oil futures fell 9 cents, or 0.1%, to $71.40 per barrel after volatile trading yesterday, with prices hitting $72.50, the highest since July 31.
U.S. West Texas Intermediate crude oil futures fell 0.2%, or 11 cents, to $66.20 per barrel, after rising to $67.28 in the previous session, the highest since Aug. 4.
trade uncertainty
In yesterday’s trading, oil prices turned higher during trading hours as the US and Iran prepared for a third round of nuclear talks and trade became uncertain following a US Supreme Court ruling.
Brent crude oil futures for April delivery edged up 0.1% to $71.81 per barrel.
U.S. WTI futures for April delivery rose about 0.15% to $66.58 per barrel as Brent crude oil prices rose more than 5% last week to $72.34, the highest since July 2025, on growing concerns about a possible military conflict between the United States and Iran.
