Commodities: Oil Prices Cool Despite U.S.-Iran Deadlock

Commodities: Oil Prices Cool Despite U.S.-Iran Deadlock

Oil prices edged lower through much of yesterday’s session; Brent crude ended the day largely flat.

Oil dips on demand forecasts, global equities gain – PR informa

Global equities were higher ⁠on ⁠Wednesday after mild inflation data reinforced bets the ⁠Federal Reserve will hold interest rates steady, while oil prices dipped as investors balanced lower demand against a ​deadlock in U.S.-Iran talks. The United States and Yemen’s Iran-aligned Houthis reported separate ship attacks. But oil prices fell as investors weighed lower demand forecasts. [O/R] U.S. consumer prices increased 0.1% ‌in July, in line wit…