Oil Prices Hold Near $95 as Brent, WTI Weigh Hormuz Risk Against Fresh U.S.-Iran Peace Hopes (Reuters)
Brent crude settled up 14 cents at $94.93 a barrel and WTI rose 1 cent to $91.29, supported by thin tanker traffic through the Strait of Hormuz. U.S. crude inventories fell by 0.9 million barrels last week. The IEA now forecasts a slight drop in 2026 oil demand, while OPEC cut its second-quarter demand outlook by 500,000 barrels a day.