Oil prices surge back to over $100 per barrel after short decline amid pessimism over Iran talks
After a short decline following U.S. President Trump's announcement of talks with Iran, oil prices climbed back to over $100 per barrel amid Iranian denials that negotiations are taking place.
On Tuesday, Brent crude, the global oil benchmark, climbed by 1.6% to $101.5 a barrel. The US benchmark WTI rose by 2.7% to $90.5 a barrel.
On Monday, Brent had reached more than $114 a barrel before Trump's announcement sent it down to $99.94.
Major stock market indexes were largely flat on Tuesday morning, after gains on Monday. “The peak optimism from yesterday didn’t last long and has not really followed through today,” Neil Wilson, a strategist at investment platform Saxo, told CNN.
The All Israel News Staff is a team of journalists in Israel.
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