Global oil prices hover near $70 as Brent falls and WTI, Murban edge higher, driven by US-Iran de-escalation, higher Gulf exports and softer demand from China.

Oil prices steady near $70 as Middle East risk premium eases, while Abu Dhabi’s Murban crude outperforms Brent and WTI on strong Asian demand.

Global oil prices hover near $70 as Brent falls and WTI, Murban edge higher, driven by US-Iran de-escalation, higher Gulf exports and softer demand from China.