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Oil drops to four-month low as Trump keeps Iran talks on track

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Oil drops to four-month low as Trump keeps Iran talks on track

Global oil prices settled at their lowest level in four months on Wednesday (July 1), after US President Donald Trump said the latest talks between the United States and Iran in Qatar had gone well, easing investor concern over possible supply disrup

Key facts

Summary

West Texas Intermediate (WTI) crude for August delivery fell 92 US cents, or 1.32%, to close at US$68.58 a barrel.

Brent crude for September delivery dropped US$1.38, or 1.89%, to settle at US$71.57 a barrel.

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