US oil benchmark opens higher after sharp fall

TOKYO, Japan — The price of US crude benchmark West Texas Intermediate (WTI) edged up Wednesday, with traders adopting a wait-and-see approach after a steep drop in oil prices the day before on hopes Washington and Tehran may resume talks. The WTI price was up 0.44 percent to $91.68 per barrel, after falling nearly 8 percent the day before. READ: US stocks rise, oil prices retreat on hopes for Mideast peace deal President Donald Trump said Tuesday that US-Iran peace talks could resume later this week, and Israel and Lebanon agreed to launch direct negotiations, signaling movement on two key fronts […]... Keep on reading: US oil benchmark opens higher after sharp fall

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