Global crude oil prices extended declines today amid hopes that the United States and Iran were nearing a peace deal. Brent crude was trading 3.3% down at 97 US dollars and 88 cents per barrel, while West Texas Intermediate crude was also trading 3.7% lower at 91 US dollars and 53 cents per barrel when reports last came in.
Global crude oil prices drop on prospects of US-Iran peace deal
Reviewed by SBR
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May 08, 2026
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Reviewed by SBR
on
May 08, 2026
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