English>

Market News

Oil Extends Decline With Focus on US-Iran Nuclear Negotiations - BLOOMBERG

FEBRUARY 07, 2026

 Oil extended its biggest one-day drop in three weeks, with planned talks between Iran and the US later on Friday easing the immediate risk of military conflict and supply disruptions.

West Texas Intermediate traded below $63 a barrel, after losing 2.8% on Thursday, while Brent settled below $68. Futures sank after US President Donald Trump said Iran was negotiating, before recovering somewhat after Saudi Arabia cut prices for buyers in Asia by less than expected in a sign the kingdom has faith in demand for its barrels.

SEE HOW MUCH YOU GET IF YOU SELL

NGN
This website uses cookies We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you've provided to them or that they've collected from your use of their services
Real Time Analytics