Baku 28° C
Oil prices fall amid easing geopolitical risks
Energy
- 03 February, 2026
- 09:37
Oil prices fell on February 3 morning, as investors focused on easing geopolitical risks, leading to a glut of crude supplies in the market, Report informs referring to trading data.
April Brent crude futures fell 0.39% from the previous close to $66.04 per barrel, while March WTI futures fell 0.35% to $61.92.
Traders continue to monitor the geopolitical situation between the US and Iran. Earlier on Tuesday, during a ceremony at the White House, US President Donald Trump, commenting on relations with Iran, said he would like to reach a deal.
Author
Latest News
20:33
Participants of Turkic World Week adopt Khankandi Declaration
Foreign policy20:22
Von der Leyen expands European Commission's political presence: from economic issues to security
Other countries20:02
Photo
Azerbaijani delegation attends farewell ceremony for Ali Khamenei in Tehran
Foreign policy19:57
Montenegro approves extradition of Azerbaijani citizen wanted via Interpol
Foreign policy19:46
Photo
Tajikistan, EU mull developing cooperation in economy, transport, energy sectors
Region19:33
Photo
Court considers defendants' motions during appeal hearing of Armenian nationals
Incident19:25
Ministry of Internal Affairs: Children's digital safety is a shared responsibility
Domestic policy19:08
Photo
Woman missing during Kalbajar occupation laid to rest after 33 years
Incident19:02