Oil prices retreat amid expectations of de-escalation in the Middle East
Oil prices fell on Wednesday amid prospects of a de-escalation of hostilities in the Middle East, after President Donald Trump mentioned a possible end to the conflict in 'two or three weeks'. AFP The price of the Brent North Sea benchmark barrel, for June delivery, lost [...]
TL;DR
- Oil prices fell on Wednesday.
- Prospects of de-escalation in Middle East hostilities are influencing the market.
- President Donald Trump indicated a potential end to the conflict in two to three weeks.
- The price of the Brent North Sea benchmark barrel for June delivery decreased.