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Oil prices fall amid easing geopolitical risks
Energy
- 03 February, 2026
- 09:37
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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.
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