Yahoo Finance | EN590 Commodities
EN590 Commodities GroupCrude Oil · 2026-05-07T09:43:55.000Z
LONDON, May 7 (Reuters) - Oil prices extended losses on Thursday, sliding around 2% to below $100 a barrel on renewed hopes for a U.S.-Iran peace deal that could bring a gradual reopening of the Strait of Hormuz. Brent crude futures fell $1.95, or 1.93%, to $99.32 a barrel by 0912 GMT. U.S. West Texas Intermediate dropped $1.93, or 2.03%, to $93.15. Thursday's session was volatile, with Brent trading in a range of up 1% to down 3.8% versus the previous close. Both benchmarks slumped more than 7% on Wednesday, hitting two-week lows on optimism over a possible end to the Middle East war. Price drops continued into Thursday, as investors reacted to fresh headlines of progress towards potential peace talks. Analysts flagged a report from Saudi Arabia's Al Arabiya news channel that underst
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25+ years in mineral exploration and extraction. 15+ years of global commodity trading. Based in New York, USA — serving 75+ countries. Products: EN590 Diesel · Crude Oil · Jet Fuel · Mazut · Bitumen · Sulphur 99.5% · Urea 46% · NPK Fertilizers.
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