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.

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

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…

Oil prices fell as hopes increased that the Strait of Hormuz would reopen and oil shipments would resume.