Middle East: U.S. oil barrel falls below $80

Oil prices fell on Tuesday, with WTI, the US benchmark barrel, dropping below $80, as the calm in Middle East hostilities continues and Donald Trump said Monday that talks with Tehran had ‘a good chance’ of succeeding.

Oil prices fell on Tuesday, with the WTI, the US benchmark barrel, dropping below $80, as the calm in Middle East hostilities continued and Donald Trump said on Monday that talks with Tehran had a ‘good chance’ of succeeding.

At 08:55 GMT (10:55 in Paris), the West Texas Intermediate barrel for September delivery was down 3.05% at $80.09, after briefly hitting $79.80. The North Sea Brent barrel for September delivery lost 3.69% to $85.10.