Oil prices mixed as U.S.-Iran diplomacy offsets Middle East supply risks

  • Oil prices moved in opposite directions Wednesday as traders assessed Middle East supply developments.
  • Brent rose 0.4% to $99.64, while West Texas Intermediate fell 0.4% to $90.14.
  • Traders weighed U.S.-Iran diplomacy, Saudi export recovery prospects and lingering regional supply risks.

Oil prices moved in opposite directions Wednesday as traders assessed progress in U.S.-Iran diplomacy, the potential restoration of Saudi export capacity and continuing risks to Middle Eastern supplies. Brent crude futures gained 0.4% to $99.64 a barrel, while West Texas Intermediate fell 0.4% to $90.14 a barrel in the European midmorning.

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Oil prices mixed as U.S.-Iran diplomacy offsets Middle East supply risks - CoinPost Terminal