New York:Oil prices saw a significant decline on Monday, driven by the anticipation of diplomatic talks between the United States and Iran aimed at resolving the ongoing Middle East conflict.
According to Bangladesh Sangbad Sangstha, crude futures, which had already decreased by approximately four percent due to the diplomatic prospects, continued to fall as the trading day progressed.
Brent North Sea crude, the main international contract, experienced a 6.1 percent drop, settling at $106.54 per barrel. Meanwhile, the US benchmark, West Texas Intermediate, decreased by 6.3 percent, closing at $97.56.