July 28 : Oil prices extended losses on Tuesday, hitting their lowest levels in more than a week as hopes for a resolution to the U.S.-Iran conflict grew and traders continued to assess developments in the Middle East.Brent crude futures were down $1.75, or 1.98 per cent, at $86.61 by 0739 GMT, after hitting

Oil prices tumbled sharply on Monday after the United States and Iran held back from launching fresh strikes over the weekend, raising hopes that diplomacy could ease tensions in…

Both Brent crude and WTI are trading at their lowest levels in nearly a week after rising for the past three weeks.