{"id":12460,"date":"2026-04-17T02:58:52","date_gmt":"2026-04-17T02:58:52","guid":{"rendered":"https:\/\/d.sheep-mine.ts.net\/?p=12460"},"modified":"2026-04-17T02:58:52","modified_gmt":"2026-04-17T02:58:52","slug":"130321013-cms","status":"publish","type":"post","link":"https:\/\/d.sheep-mine.ts.net\/?p=12460","title":{"rendered":"Oil Prices: Oil prices today: Crude falls in early trade on hopes of easing Middle East conflict &#8211; The Times of India"},"content":{"rendered":"<p><br \/>\n<\/p>\n<div>\n<div class=\"e9jwa\">\n<div class=\"vdo_embedd\">\n<div class=\"GfdvZ\">\n<section class=\"_bIDB  clearfix id-r-component leadmedia undefined undefined  E9tg9 \" style=\"top:0px\">\n<div class=\"_bIDB\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">\n<div class=\"ypVvZ\">\n<div class=\"WGttI\"><img src=\"https:\/\/static.toiimg.com\/thumb\/msid-130321115,imgsize-1275882,width-400,height-225,resizemode-4\/untitled-design-2026-04-17t080000.jpg\" alt=\"Oil prices today: Crude falls in early trade on hopes of easing Middle East conflict\" title=\"&lt;p&gt;Representative image&lt;\/p&gt;\" decoding=\"async\" fetchpriority=\"high\"\/><\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div><\/div>\n<\/div>\n<p>Oil prices fell in early trade on Friday, extending losses as optimism grew that the Middle East conflict may be nearing an end following a 10-day ceasefire between Israel and Lebanon and fresh signals of possible US-Iran talks over the weekend.<span class=\"id-r-component br\" data-pos=\"2\"\/>Brent crude futures declined $1.34, or 1.35%, to $98.05 a barrel, while US West Texas Intermediate (WTI) crude fell $1.65, or 1.74%, to $93.40, trimming gains from the previous session.<span class=\"id-r-component br\" data-pos=\"4\"\/><\/p>\n<p><h3>Ceasefire, diplomacy drive sentiment<\/h3>\n<\/p>\n<p><span class=\"id-r-component br\" data-pos=\"6\"\/>Markets were buoyed by signs of diplomatic progress, with US President Donald Trump indicating that Washington and Tehran could resume talks soon. \u201cWe&#8217;re going to see what happens. But I think we&#8217;re very close to making a deal with Iran,\u201d Trump said on Thursday.<span class=\"id-r-component br\" data-pos=\"10\"\/>Addressing a key sticking point, Trump said Tehran had offered not to possess nuclear weapons for more than 20 years, raising hopes of a breakthrough in negotiations aimed at ending the war.<span class=\"id-r-component br\" data-pos=\"12\"\/>According to Reuters, US and Iranian negotiators are now focusing on a temporary memorandum rather than a comprehensive peace deal, in a bid to prevent a return to conflict.<span class=\"id-r-component br\" data-pos=\"14\"\/><\/p>\n<p><h3>Supply disruption concerns remain<\/h3>\n<\/p>\n<p><span class=\"id-r-component br\" data-pos=\"16\"\/>Despite easing prices, concerns over supply disruptions persist. The conflict has shut the Strait of Hormuz for seven weeks, choking off roughly one-fifth of the world\u2019s oil supply. <span class=\"id-r-component br\" data-pos=\"20\"\/>As per Reuters, analysts at ING estimate that about 13 million barrels per day of oil flows have been disrupted.<span class=\"id-r-component br\" data-pos=\"22\"\/>Oil prices had surged nearly 50% in March during the peak of the crisis and, although they have fallen below the $100 mark recently, they have largely remained in the $90 range this week.<span class=\"id-r-component br\" data-pos=\"24\"\/>Crude prices are expected to fluctuate between $80 and $100 until a durable peace deal is reached and normal navigation through the Strait of Hormuz resumes.<\/div>\n\n<p><a href=\"https:\/\/timesofindia.indiatimes.com\/business\/international-business\/oil-prices-today-17-april-2026-crude-falls-in-early-trade-on-hopes-of-easing-middle-east-conflict\/articleshow\/130321013.cms\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell in early trade on Friday, extending losses as optimism grew that the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":12461,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[20019,30167,9625,30166,8328,12896,17395,8326,3452,19510],"class_list":["post-12460","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-brent-crude-futures","tag-diplomatic-progress","tag-middle-east-conflict","tag-oil-price-forecast","tag-oil-prices","tag-oil-supply-disruption","tag-reuters","tag-strait-of-hormuz","tag-us-iran-talks","tag-wti-crude"],"_links":{"self":[{"href":"https:\/\/d.sheep-mine.ts.net\/index.php?rest_route=\/wp\/v2\/posts\/12460","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/d.sheep-mine.ts.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/d.sheep-mine.ts.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/d.sheep-mine.ts.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/d.sheep-mine.ts.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12460"}],"version-history":[{"count":0,"href":"https:\/\/d.sheep-mine.ts.net\/index.php?rest_route=\/wp\/v2\/posts\/12460\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/d.sheep-mine.ts.net\/index.php?rest_route=\/wp\/v2\/media\/12461"}],"wp:attachment":[{"href":"https:\/\/d.sheep-mine.ts.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/d.sheep-mine.ts.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/d.sheep-mine.ts.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}