Oil Prices Today: Brent, WTI Swing Around $100 as Iran War End Hopes Meet Supply Fears
Oil prices bounced around the $100 mark Wednesday after President Donald Trump suggested the U.S.-Israeli offensive against Iran might wrap up in a matter of weeks. Hopes for a quick resolution faded, however, as traders reconsidered their bets with Gulf supply disruptions and shipping issues still unsettled. Brent crude for June delivery slipped 1% to $102.91 a barrel as of 1106 GMT, having earlier dropped to $98.35. U.S. crude, or WTI, lost 1.4%, trading at $99.94 after dipping to $96.50. Both benchmarks are still up roughly 60% from where they started when fighting broke out on Feb. 28.
