International crude oil prices extended sharp losses today as market fears of immediate regional escalation eased following reports of accelerated Qatar-brokered talks between Washington and Tehran. Global Brent North crude fell 6.1% to $106.54 a barrel, while the U.S. West Texas Intermediate (WTI) index fell 6.3% to $97.56 a barrel.

International crude oil prices extended sharp losses today as market fears of immediate regional escalation eased following reports of accelerated Qatar-brokered talks between Washington and Tehran. Global Brent North crude fell 6.1% to $106.54 a barrel, while the U.S. West Texas Intermediate (WTI) index fell 6.3% to $97.56 a barrel.