TOKYO, Japan — The price of US crude benchmark West Texas Intermediate (WTI) edged up Wednesday, with traders adopting a wait-and-see approach after a steep drop in oil prices the day before on hopes Washington and Tehran may resume talks.
The WTI price was up 0.44 percent to $91.68 per barrel, after falling nearly 8 percent the day before.
READ: US stocks rise, oil prices retreat on hopes for Mideast peace deal
President Donald Trump said Tuesday that US-Iran peace talks could resume later this week, and Israel and Lebanon agreed to launch direct negotiations, signaling movement on two key fronts in efforts to ease the Middle East conflict.
READ: Trump says Iran talks may resume as Israel, Lebanon open direct track
MOST READ
LATEST STORIES