International crude futures fell sharply early in the new trading week after markets began pricing in the possibility of a fresh round of talks between the United States and Iran. As of 7 p.m. Eastern Time on Aug. 2, the September contract for light sweet crude on the New York Mercantile Exchange had fallen to an intraday low of $74.78 a barrel, down $5.89, or 6.96%, from the previous session’s close. The October Brent crude contract in London dropped to a low of $81.55 a barrel, down $6.38, or 7.26%.
The move followed comments from U.S. President Donald Trump, who told reporters aboard Air Force One on the afternoon of Aug. 2 that the United States would hold talks with Iran the next day. One day earlier, Trump had announced that a planned military strike on Iran had been called off. The news item was carried by Xinhua and republished by Odaily.
International crude oil futures fell sharply after trading opened for the new week on the afternoon of Aug. 2 Eastern Time, as markets expected the United States and Iran to soon hold a new round of talks.
As of 7 p.m. Eastern Time on Aug. 2, the September light sweet crude contract on the New York Mercantile Exchange had fallen to an intraday low of $74.78 a barrel. That was down $5.89, or 6.96%, from the previous trading day’s close.
The October Brent crude contract in London dropped to a low of $81.55 a barrel, down $6.38, or 7.26%, from the previous session’s close.
U.S. President Donald Trump told reporters aboard Air Force One on the afternoon of Aug. 2 that the United States would hold talks with Iran the following day. One day earlier, Trump had announced that a military strike on Iran had been canceled.
The report was published by Xinhua and carried by Odaily.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
