Oil prices traded lower on Wednesday after seeing sharp swings in the previous session amid uncertainty over the U.S.-Iran peace talks.
Brent crude futures dropped 0.9 percent to $102.64 a barrel in choppy trade while WTI crude futures were down 0.7 percent at $95.47.
Qatar said it saw hope for an interim deal as both the U.S. and Iran evaluate new proposals put forward by mediators, despite fresh U.S. strikes and continued threats to shipping through Hormuz.
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Market Analysis
Oil Prices Edge Lower In Choppy Trade
2026-11-04 09:35:09
