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Oil falls as markets await outcome of Iran-US talks, US stocks data
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- Oil falls as markets await outcome of Iran-US talks, US stocks data By Seher Dareen Wed, July 1, 2026 at 7:09 PM GMT+7 2 min read CL=F By Seher Dareen
- LONDON, July 1 (Reuters) - Oil prices fell on Wednesday as talks between Iran and the U.S. aimed at reaching a final agreement to end their war continued and the market awaited data from the U.S. regarding stock draws.
- Brent futures fell 62 cents, or around 0.9%, to $72.33 a barrel at 1156 GMT, while U.S.
Oil falls as markets await outcome of Iran-US talks, US stocks data By Seher Dareen Wed, July 1, 2026 at 7:09 PM GMT+7 2 min read CL=F By Seher Dareen
LONDON, July 1 (Reuters) - Oil prices fell on Wednesday as talks between Iran and the U.S. aimed at reaching a final agreement to end their war continued and the market awaited data from the U.S. regarding stock draws.
Brent futures fell 62 cents, or around 0.9%, to $72.33 a barrel at 1156 GMT, while U.S. West Texas Intermediate crude was down 38 cents, or around 0.6%, at $69.12 a barrel - its lowest since February 27.
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