Brent crude oil prices fall to $82.78 per barrel

Oil prices decreased moderately on Tuesday after falling to their lowest since early March the previous day on expectations of a resolution to the Middle East conflict, Report informs referring to trading data.

August Brent crude oil futures fell 0.47% to $82.78 per barrel on London's ICE Futures Exchange.

July WTI crude oil futures fell 0.21% to $80.58 per barrel in electronic trading on the New York Mercantile Exchange (NYMEX).

US President Donald Trump, Vice President J.D. Vance, and Iranian Parliament Speaker Mohammad Bagher Ghalibaf signed a memorandum online on the initiation of a settlement to the Middle East conflict. The official signing ceremony is expected to take place on June 19.