Oil prices fall over 5% on Middle East peace hopes

Oil prices plunged on Wednesday on fresh hopes of the United States and Iran reaching a peace deal to end the Middle East war.

International benchmark Brent North Sea crude dived 6.2 percent to $103.04 per barrel.

The main US contract West Texas Intermediate slid 6.4 percent to $95.68 per barrel.

AFP

The post Oil prices fall over 5% on Middle East peace hopes appeared first on Vanguard News.