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Crude oil fell to $98 a barrel on Tuesday amid hopes of diplomatic progress between the US and Iran. Pakistan’s army chief, Field Marshal Asim Munir, met with senior Iranian diplomatic and military officials in Tehran to discuss bilateral relations and the status of talks with the US. Although officials from both sides
Euro zone bond yields edged higher on Tuesday, reversing some of Monday's sharp falls, as oil prices recovered. Germany's 10-year yield rose 3 basis points to 3.481% as Brent crude futures gained nearly 2% to $102 a barrel.
USO WTI crude oil falls -7% to $83 per Barrel and Brent slides under $89 after topping $100 last week after President Trump paused U.S. airstrikes on Iran, raising hopes that renewed diplomacy could reduce the risk of a broader disruption to global energy supplies.