Oil prices fell for a second consecutive day on Wednesday, amid expectations that supplies from the Middle East could resume flowing after U.S. President Donald Trump indicated the possibility of reaching an agreement with Iran, according to Reuters.
Brent crude futures for July fell by $1.52, or 1.38 percent, to $108.35 a barrel, after dropping 4 percent in the previous session.
U.S. West Texas Intermediate crude futures for June declined by $1.50, or 1.47 percent, to $100.77, after closing down 3.9 percent the previous day.
