Texas oil remains at $91 pending US-Iran contacts
Texas Intermediate (WTI) oil remained at $91 a barrel this Wednesday, pending developments in contacts between the United States and Iran. EFE At the end of the session, WTI futures for May, the benchmark in the US, added $0.1 compared to Tuesday, when it fell 8.5%, to $91.28, due to expectations that Washington and Tehran will negotiate again.
TL;DR
- WTI crude oil futures for May settled at $91.28 a barrel, a slight increase after a significant drop.
- Market sentiment is driven by expectations of renewed negotiations between the US and Iran.
- A Pakistani military official visited Iran to facilitate high-level talks and convey a message from the US.
- The ongoing situation in the Strait of Hormuz, crucial for global oil transport, remains unresolved and has seen a US blockade.
- There is anticipation for a potential second round of negotiations in the coming days.