Crude oil falls 1.52% in delayed data as traders weigh diplomacy
Oil prices fell as traders weighed U.S.-Iran diplomacy and attacks in Saudi Arabia, reports say.
Crude oil fell, with the front-month WTI (West Texas Intermediate, a U.S. crude benchmark) quote at $101.7 per barrel in delayed data (not live), 1.52% below the previous close, the price when trading ended the day before.
Reports say traders weighed U.S.-Iran diplomacy and attacks in Saudi Arabia. One report says the Saudi defense minister traveled to Iran for talks to de-escalate the conflict.
One report says the diplomatic efforts eased supply fears, while the WTI price remained above $100.
The reports do not say what happens next.
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