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.

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 and WTI fell today as reports surfaced of ceasefire talks between the U.S. and Iran, even with missile strikes still hitting the Persian Gulf.

Oil prices dip amid US-Iran ceasefire hopes. New all-time high for crude oil by September 30 at 6.2% YES.