Oil prices edge higher in early Thursday trading following a sharp decline on Wednesday amid reports of progress in U.S.-Iran peace negotiations. Brent crude futures rose to $101.84 per barrel, while WTI futures climbed to $95.58 per barrel.
Oil prices rose slightly on Thursday morning following a sharp decline the previous day, which was driven by reports of progress in U.S.-Iran peace negotiations. Brent crude futures for July increased by $0.57 to $101.84 per barrel, while WTI futures for June rose by $0.50 to $95.58 per barrel.
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