Oil prices fell for a second day on Wednesday on expectations peace talks between the U.S. and Iran may resume and supply will eventually be released from the key Middle East producing region trapped by the closure of the Strait of Hormuz.
Brent crude futures were down 16 cents, or 0.2%, to $94.63 a barrel at 0635 GMT, after falling 4.6% in the previous session. U.S. West Texas Intermediate crude was down 70 cents, or 0.8%, to $90.58. The contract dropped 7.9% the session before.
Source : Investing.com