Brent Falls Nearly 3% as Middle East Situation Watched
Brent crude fell nearly 3% as markets watched the situation in the Middle East.
Story updates
03:19:22 PM UTC
SquawkNews
As at 1500 GMT, benchmark Brent crude was down 7% at $105.92 a barrel while West Texas Intermediate was off 7% at $97.01Traders were reacting to three days of talks between Iranian officials and Qatari mediators, which are aimed at ending the US-Iran war. Tehran also confirmed that talks with Ameri…
03:34:40 PM UTC
SquawkNews
Oil and gas prices slide even further in early U.S. trading on rising hopes for a diplomatic breakthrough in Middle East peace talks. Front-month Brent crude falls 6.6% to $105.95 a barrel, while WTI futures are down 6.6% to $97.29 a barrel. The TTF gas contract, Europe's benchmark, drops 8.7% to 9…