U.S. and Brent crude both moved lower on July 28, with each contract falling by more than $0.5 in short-term trading to $82.28 a barrel and $86.45 a barrel, respectively. The move came after comments from U.S. President Donald Trump, who told reporters aboard Air Force One on Monday, while traveling to Michigan, that the United States is currently engaged in what he described as "good talks" with Iran. Trump also said he has "plenty of time" to deal with the Iran issue. When asked about the possibility of a deal with Tehran, he said, "There’s a good chance something will happen." He also said he would ask Russia whether it had provided satellite imagery to assist Iran. Trump added that once the war ends, prices will fall sharply. The remarks were cited by BlockBeats in a July 28 market update.
U.S. and Brent crude both fell by more than $0.5 in short-term trading on July 28, with U.S. crude quoted at $82.28 a barrel and Brent at $86.45 a barrel, according to BlockBeats.
On the news front, U.S. President Donald Trump told reporters on Monday, while aboard Air Force One en route to Michigan, that the United States is currently in what he called "good talks" with Iran. He said he has "plenty of time" to handle the Iran issue.
Asked about the possibility of a deal with Iran, Trump said, "There’s a good chance something will happen."
Trump also said he would ask Russia whether it had provided satellite imagery to assist Iran. He added that once the war ends, prices will fall sharply.
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