Oil Set for Longest Losing Streak Since August 2025

Oil prices fell in Asian trading on Wednesday and were on course for a sixth consecutive day of declines as the first U. S. -Iran talks in months revived hopes of a deal and eased concerns about oil supply from the Middle East.

In Wednesday trade in Asia, Brent Crude prices dipped by about 1% to $98. 30, after falling on Tuesday below the $100 a barrel mark. The U. S. benchmark, WTI Crude, fell by 1. 4% to below the $ 90-a-barrel threshold and traded at $89. 49.