What is oil price prediction for Monday? Oil prices ended lower on Friday as investors reacted to signs of progress in talks between the United States and Iran. Markets focused on the possibility of an extended ceasefire and the reopening of shipping routes through the Strait of Hormuz. Brent crude and West Texas Intermediate both declined, while stock markets showed mixed performance. Traders are now watching diplomatic developments that could influence oil prices when trading resumes on Monday.

Why are oil prices down today, and will Brent and US WTI crude futures continue to drop or rise again? Oil prices moved lower after reports claimed the United States and Iran…

Oil prices fell slightly on Friday after reports of a potential extension of a US-Iran ceasefire amid the ongoing Middle East conflict that has stretched beyond three months.