Crude oil prices have inched lower on Wednesday after Pakistan announced initiating efforts to bring the U.S. and Iran back to the negotiating table. In addition, traders opted to book profits made from the recent trading sessions.
WTI Crude Oil for September month delivery was last seen trading down by $0.22 (or 0.26%) at $82.98 per barrel.
The impasse over the reopening of the Strait of Hormuz continues.
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Market Analysis
Crude Oil Edges Lower As Efforts To Revive U.S.-Iran Talks Gain Pace
2026-08-12 18:44:50
