Crude Oil Prices Decline on Potential Iran Conflict Resolution

New York. Crude oil prices have decreased in the world market. Oil prices have fallen after US President Donald Trump said the Iran war would end very soon.

In London-based ICE Exchange's Comex division, the international benchmark Brent crude oil futures decreased by 88 cents, or 0.8 percent, to $110.40 per barrel. Meanwhile, the price of the US benchmark West Texas Intermediate also decreased by 67 cents (0.6 percent) to $103.48 per barrel.