Oil prices fall over 1%

NEW YORK, (UrduPoint / Pakistan Point News / WAM - 02nd Jul, 2026) Oil prices fell today, by more than 1% at settlement as optimism over U.S.-Iran talks eased supply concerns.

Brent crude futures fell $1.38, or 1.89 percent, to settle at $71.57 a barrel, while US West Texas Intermediate crude futures dropped 92 cents, or 1.32 percent, to $68.58 a barrel, with both benchmarks hitting their lowest levels in more than four months.