After repeatedly soaring beyond the $100 per barrel mark amid the Middle East conflict, oil prices have finally begun to cool down, inching near the $75 level seen before the conflict. This week, for the first time crude since early March, crude prices have tumbled below $80 as hopes surrounding a potential US-Iran agreement lifted sentiments.

Brent crude futures falls $4.08 to $83.25 a barrel and US West Texas Intermediate falls $4.35 to $80.53.

The price of U.S. crude oil fell to its lowest point since early March, but it’s still up 40% since the start of the year.

Oil prices dropped towards $80 a barrel and stocks rallied on Monday after Washington and Iran reached a deal to end the Middle East...

After weeks of turmoil that rattled energy markets, oil was trading around $80 per barrel mark on Tuesday as the Middle East chaos has shown signs of cooling down. However, the…

Brent crude drops below $80 per barrel for the first time since the Iran conflict began, as a US-Iran peace deal framework eases Strait of Hormuz fears.

Oil prices slid to fresh three-month lows on Tuesday as markets weighed prospects for a resumption of supplies through the Strait of Hormuz alongside weaker physical demand and…

After repeatedly soaring beyond the $100 per barrel mark amid the Middle East conflict, oil prices have finally begun to cool down, inching near the $75 level seen before the…

Oil prices have dropped below $80 per barrel for the first time since March, as easing Middle East tensions and hopes of a US-Iran deal improve market sentiment.