Oil Prices Slide on Iran Talk Hopes, but Brent and WTI Still Face a Supply Shock
Oil tumbled on Tuesday. Brent crude slid to $95.02 a barrel, while U.S. West Texas Intermediate lost ground, settling at $92.60. The drop came as traders jumped on indications that Washington and Tehran might revive discussions, despite weekend talks falling apart. Just yesterday, both benchmarks had been trading over $100.
