Tuesday, May 5, 2026
Oil prices edge lower with U.S.-Iran talks in focus ahead of ceasefire expiry- oil and gas 360

Oil prices edge lower with U.S.-Iran talks in focus ahead of ceasefire expiry

(Investing) – Oil prices fell on Tuesday as markets parsed mixed signals on fresh U.S.-Iran talks before the expiry of a temproary ceasefire later this week. Brent oil futures, the global benchmark, were last lower by 0.5% at $94.95 a barrel, while U.S. West Texas Intermediate crude futures for May had dropped 1.8% to $88.04 a barrel. Crude prices had risen

Oil prices hold near seven-month highs with US-Iran talks in focus- oil and gas 360

Oil prices hold near seven-month highs with US-Iran talks in focus

(Investing) – NEW YORK – Oil prices were little changed near a seven-month high on Tuesday as traders waited for news from nuclear talks between the U.S. and Iran. Brent futures fell 25 cents, or 0.4%, to $71.24 a barrel at 10:41 a.m. EST (1541 GMT), while U.S. West Texas Intermediate crude fell 25 cents, or 0.4%, to $66.06. Earlier in the

Oil prices up after U.S.-Iran talks; set for first weekly losses since December- oil and gas 360

Oil prices up after U.S.-Iran talks; set for first weekly losses since December

(Investing) – Oil prices ticked up on Friday, after reports citing Iran’s foreign minister said talks between the country and the U.S. had got off to a “good start.” At 11:05 ET (16:05 GMT), Brent oil futures for April were up 1% to $68.15 a barrel and West Texas Intermediate crude futures rose 0.9% to $63.85 a barrel. Notably, the crude benchmarks were on track

Oil prices rebound about 1% after U.S.-India trade deal; eyes on U.S.-Iran talks - oil and gas 360

Oil prices rebound about 1% after U.S.-India trade deal; eyes on U.S.-Iran talks

(Investing) – Oil prices steadied Tuesday after logging steep losses in the prior session as traders digested a trade deal between India and the U.S. as well as cooling tensions between the U.S. and Iran. At 11:27 ET (16:27 GMT), Brent oil futures for April rose 1% to $66.94 a barrel and West Texas Intermediate crude futures rose 1.1% to $62.84 a barrel. Both benchmarks