Oil Prices Begin the Week With a Dip ...Middle East

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Oil Prices Begin the Week With a Dip
Crude oil prices began trade this week with a decline amid diminished hopes for a quick end to the war in the Ukraine and the prospect of lower demand amid the tariff turmoil. News of nuclear deal negotiations between the United States and Iran contributed to the trend. At the time of writing, Brent crude was trading at $66.83 per barrel and West Texas Intermediate was changing hands for $63.58 per barrel. “The broader trend remains tilted to the downside, as investors may struggle to find conviction in an improving supply-demand outlook,…

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