U S Iran Diplomacy

Natural gas remained under pressure as weather expectations pointed to soft demand in the days ahead. WTI and Brent oil also moved lower as Saudi Arabia restarted its East-West pipeline and traders weighed the implications of U.S.-Iran talks.

WTI crude oil is stabilizing near the $93 area after a sharp retreat from levels above $100.00, with traders weighing tentative diplomatic progress against fragile Middle East conditions. Volatility remains elevated as large market participants continue to hedge against sudden shifts in sentiment.

Oil prices are attempting to stabilize after several days of losses, with WTI trading near $96.70 and Brent near $101.80. Traders are weighing hopes for possible U.S.-Iran talks against fresh disruption risks tied to Saudi Arabia and Libya.