Crude oil futures traded lower on Tuesday morning amid reports that mediators have put forward a 10-day ceasefire proposal between the US and Iran to ease tensions in West Asia.

Brent crude futures slipped 35 cents, or 0.4%, to $88.87 a barrel, while U.S. West Texas Intermediate crude for September delivery was little changed at $82.47 a barrel. Both…

Oil prices dip as US-Iran mediation reports emerge. New all-time high for crude oil by September 30 at 6.7% YES.