Pausing four consecutive sessions of losses, crude oil prices have moved higher on Wednesday as energy experts are skeptical of an early restoration of normal oil trade in the gulf region despite the likely success of the upcoming U.S.-Iran deal.
WTI Crude Oil for July month delivery was last seen trading up by $0.45 (or 0.59%) at $76.50 per barrel.
On Sunday, U.S. President Donald Trump announced that U.S. and Iran have agreed for a deal. Iran’s Deputy Foreign Minister Kazem Gharibabadi confirmed Trump’s message.
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Market Analysis
Crude Oil Advances As Concerns Over Resumption Of Oil Trade Surface
2026-06-17 18:42:35
