12 hours ago
Oil Ticks Higher After Two-Day Slump as Traders Assess Ceasefire
Oil edged higher — after a double-digit percentage slump over two days — as traders assessed the Iran-Israel ceasefire, and an industry report showing falling US stockpiles.
US benchmark West Texas Intermediate added 1.2% to $65.16 a barrel in early Asian trading, after Brent closed more than 6% lower on Tuesday. Israel and Iran appeared to be honoring a ceasefire brokered by US President Donald Trump, reducing risks to supplies.
