Oil prices decline as market remains cautious amid ongoing U.S.-Iran peace talks and uncertainty over future negotiations.

By Isabel Wang and Myra P. Saefong

June 2 : Oil prices trended lower on Tuesday following the previous session's sharp gains as the market remained cautious about progress in U.S.-Iran peace talks. U.S. President…

June 2 : Oil prices held on to most of the previous session's sharp gains in early trade on Tuesday on uncertainty over the status of ceasefire talks between the United States and…

Oil prices decline as market remains cautious amid ongoing U.S.-Iran peace talks and uncertainty over future negotiations.

Oil prices trended lower on Tuesday following the previous session's sharp gains as the market remained cautious about progress in U.S.-Iran peace talks.

Oil prices retreated around 4% from Monday’s highs as markets responded positively to US President Donald Trump’s reassuring comments that negotiations with Iran are progressing.