Oil Prices Extend Losses as U.S.-Iran Calm Holds for Another Night

Oil prices continued to trend lower in early Asian trade on Tuesday as a fourth night passed without any attacks from either Iran or the United States. At the time of writing, WTI crude was trading at $80. 98 per barrel, down 1. 97% on the session, while Brent crude had slipped to $86.

80 per barrel, a decline of 1. 77%. On Monday, President Trump sought to boost hopes of a diplomatic resolution between Washington and Tehran by claiming that the U. S. was engaged in "good talks" with Iran.