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US oil prices rise as investors assess Middle East de-escalation
Reuters· 2026-03-25 22:42
Group 1 - U.S. oil prices increased in early trading, recovering from previous losses as investors evaluated the potential for de-escalation in the Middle East and Iran's consideration of a U.S. proposal to end the ongoing conflict [1][2] - West Texas Intermediate (WTI) crude futures rose over $1 to $91.42 per barrel, with a slight increase of 93 cents, or 1%, to $91.25 per barrel as of 2225 GMT, following a 2.2% decline on the previous day [2] - Iranian officials are currently reviewing a U.S. proposal to end the Gulf war, despite an initial negative response, indicating that Tehran has not outright rejected the proposal [2][3]