Crude oil futures settled lower on Thursday after U.S. President Donald Trump remarked that Iran is seeking a deal with the U.S., fueling optimism over a potential end to the ongoing standoff. In addition, investors resorted to booking profits from the recent spike.
Benchmark crude oil futures for August delivery decreased by $1.44 or 1.96% to settle at $72.08 a barrel on the New York Mercantile Exchange. Brent crude for September delivery fell by $1.72 or 2.20% to settle at $76.30 a barrel on the New York Mercantile Exchange.
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