Brent Falls 4.1% to $108.83 as Diplomacy Eases Inflation Fears
Brent crude fell 4.1% to $108.83 a barrel amid renewed U.S.-Iran diplomatic efforts. Markets slightly scaled back expectations for major central banks to raise interest rates.
The retreat in oil prices eases inflation concerns, causing markets to slightly scale back expectations of interest-rate rises by major central banks. Brent crude falls 4.1% to $108.83 a barrel due to renewed diplomatic efforts to end the conflict between the U.S. and Iran. "Lower energy prices are…