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HIBAPRESS – Agencies
Oil prices fell for the second day in a row on Wednesday, driven by expectations of resuming peace negotiations between the United States and Iran, and what that might entail from resuming supplies from the main production area in the Middle East, after its halt due to the closure of the Strait of Hormuz.
Brent crude futures fell 52 cents, or 0.55 percent, to $94.27 a barrel at 00:54 GMT, after falling 4.6 percent in the previous session. West Texas Intermediate crude fell $1.04, or 1.1 percent, to $90.24, after falling 7.9 percent in the previous session.
