US crude futures fall over $1 as traders weigh supply risks
Business
US crude futures fall over $1 as traders weigh supply risks
by DZRH News14 April 2026
A pump jack operates near a crude oil reserve in the Permian Basin oil field near Midland, Texas, U.S. February 18, 2025. REUTERS/Eli Hartman
BENGALURU, April 14 (Reuters) - U.S. crude futures fell more than $1 in early Asian trade on Tuesday as traders balanced heightened supply risks linked to a U.S. blockade of Iranian shipping in the Strait of Hormuz with reports that Washington and Tehran were still open to talks after a tense meeting in Islamabad.
U.S. West Texas Intermediate was at $97.76 a barrel, down $1.32, or 1.3% by 2205 GMT, following a 1.5% gain in the previous session.
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