Oil Prices Dip Nearly 70 Cents; Saudi Arabia Says Tehran Talks Aim to Prevent Escalation

U.S. crude and Brent each briefly fell nearly $0.70 a barrel on Oct. 26, while Saudi Arabia separately said Tehran talks aimed to prevent tensions from escalating. At the time of the decline, U.S. crude was listed at $100.20 a barrel and Brent at $109.93. Saudi Arabia said opening a channel for negotiations was important amid the talks in Tehran. It said the talks aimed to prevent escalation and pave the way for an agreement to end the conflict. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

Source: TokenPost