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The Economic Times

Business

Oil prices slip on teetering Iran ceasefire as Trump heads to China

Oil Iran China Xi Jinping Donald Trump United States

TOKYO, - Oil prices fell on Wednesday after rising in three consecutive sessions, as investors awaited developments around the fragile ceasefire in the Iran war and U.S. President Donald Trump headed to China for a high stakes summit with President Xi Jinping.

Brent crude futures lost 82 cents, or 0.76%, to trade at $106.95 a barrel at 0051 GMT, and U.S. West Texas Intermediate futures fell 66 cents, or 0.65%, to $101.52.

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One subscription that gives you access to news from hundreds of sites

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