COMMODITY
Crude oil futures close lower amid rising hopes for US-Iran talks
Oct-30-2026

Crude oil futures closed lower on Thursday as expectations of a possible de-escalation in the U.S.-Iran conflict heightened after U.S. Vice President JD Vance urged Iran to return to negotiations soon. Separately, Qatar is pressing Iran to reach a negotiatory framework with the U.S. 

Benchmark crude oil futures for December delivery decreased by $0.78 or 0.76% to settle at $102 a barrel on the New York Mercantile Exchange. Brent crude for December delivery fell by $0.44 or 0.38% to settle at $114.88 a barrel on the New York Mercantile Exchange.


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