Economic TimesLean R·
Oil below $92 amid hopes of peace talks
Oil prices edged lower by more than $1 on Thursday as investors increasingly hopes for peace talks to resolve the Middle East conflict as well as the much-longer lasting Russia-Ukraine war.Brent crude futures fell more than $1 to trade below $92 per barrel, while US West Texas Intermediate (WTI) crude futures also lost over $1 to trade below $86 per barrel on Thursday morning. This comes after Brent crude rose over 1% on Wednesday after hitting two-month lows in the previous day.Russian and Ukr…
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