Oil Prices Drop Over 5% on Hopes of US-Iran Talks
Oil prices fell sharply on Monday amid hopes of diplomatic talks to end the US-Iran war. Brent crude dropped to $93.32, while US WTI fell 4.5% to $86.75 a barrel.
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Nov 09, New Delhi: Oil prices fell sharply on Monday amid hopes for diplomatic talks aimed at ending the US-Iran war.
Brent North Sea crude, the main international oil benchmark, dropped by more than 5%, reaching a low of $93.32 per barrel.
Meanwhile, the main US oil benchmark, West Texas Intermediate (WTI), declined by 4.5% to $86.75 per barrel. File Photo.
Source: Prasar Bharati (PB-SHABD)
