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US crude settles at US$96.09 as Iran diplomacy lifts hopes

West Texas Intermediate closed lower for a second session on Tuesday, after dipping below US$95 earlier. Brent also settled lower as traders watched for progress towards a US-Iran agreement.

Written by AI from 2 sources

Photo: CNBC

  • West Texas Intermediate closed at US$96.09 a barrel on Tuesday, down 37 cents, after falling below US$95 earlier in the session. CNBC

  • Brent crude settled at US$103.60 a barrel, down US$1.17. Both benchmarks extended the previous session’s losses as the market weighed prospects for a US-Iran agreement. CNBCThe Wall Street Journal

  • Qatar said it was mediating talks, while Iran’s Foreign Ministry spokesman said Tehran would not accept diplomacy based on coercion. The status of the talks was unclear. CNBC