Oil prices fall 2% as gold and silver rise before U.S. trading

  • Oil prices fell as negotiators discussed reopening the Strait of Hormuz.
  • Gold rose 0.62% to around $4,300 an ounce in early U.S. trading.
  • U.S. equity futures posted modest gains before markets opened.

International oil prices fell about 2% before U.S. markets opened on Sept. 25, as hopes for a U.S.-Iran truce eased concerns over oil supplies. WTI crude futures fell 2.24% to $92.495 a barrel, while Brent crude futures dropped 2.03% to $98.186. Gold rose 0.62% to around $4,300 an ounce and silver climbed 1.62% in early U.S. trading. Negotiators discussed reopening the Strait of Hormuz and lifting sanctions. U.S. equity futures posted modest gains, with Dow Jones futures up 0.28%, S&P 500 futures up 0.25% and Nasdaq 100 futures up 0.39%.

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