Global crude oil prices fell by more than $1 per barrel on Thursday amid developments in peace negotiations involving the Middle East and Russia and Ukraine.<\/p>\n\n\n\n
According to Reuters, Brent crude futures dropped by $1.14 to $91.62 per barrel, while US West Texas Intermediate (WTI) crude fell by $1.04 to $85.49 per barrel.<\/p>\n\n\n\n
Hiroyuki Kikukawa, chief strategist at Nissan Securities, said efforts to secure a ceasefire in the Russia-Ukraine war and expectations that the conflict involving Iran would not escalate further had put downward pressure on oil prices. However, uncertainty surrounding the Strait of Hormuz is likely to limit any significant decline.<\/p>\n\n\n\n
Meanwhile, Russia and Ukraine agreed to exchange prisoners during talks held in Abu Dhabi, although disagreements over regional disputes remain unresolved.<\/p>\n\n\n\n
On the other hand, Iranian security chief Mohsen Rezaei rejected sending enriched nuclear material outside the country and warned that further US attacks would have serious consequences.<\/p>\n\n\n\n
The United States, meanwhile, maintains that nuclear issues must be included in the initial negotiations to secure a ceasefire with Iran.<\/p>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Global crude oil prices fell by more than $1 per barrel on Thursday amid developments in peace negotiations involving the Middle East and Russia and Ukraine. According to Reuters, Brent crude futures dropped by $1.14 to $91.62 per barrel, while US West Texas Intermediate (WTI) crude fell by $1.04 to $85.49 per barrel. Hiroyuki Kikukawa, […]<\/p>\n","protected":false},"author":2,"featured_media":3060,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","footnotes":""},"categories":[11,13],"tags":[152],"class_list":["post-3059","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-world","tag-global-crude-oil-prices"],"yoast_head":"\n