Oil prices edge lower as investors weigh US and Iran tensions
Crude futures slipped on Thursday as traders assessed diplomatic efforts and military activity. This follows a sharp price jump seen during the previous session.
Oil prices eased in early Asia trade on Thursday, February 19, following a jump of more than 4% the previous day. Brent futures (SY:Brent futures) and U.S. West Texas Intermediate (WTI) crude (SY:U.S. West Texas Intermediate (WTI) crude) had both reached their highest settlements since January 30 during the prior session. The market is currently in a phase of assessment as investors weigh the latest developments in diplomatic talks and military movements in the Middle East.
