World oil prices fell in morning trading on February 9th, as new diplomatic developments in the Middle East eased investor concerns about the risk of short-term supply disruptions.
Opening this morning's trading session, North Sea Brent crude oil prices retreated towards $67 per barrel after losing nearly 4% of their value over the past week. At the same time, US West Texas Intermediate (WTI) crude oil was trading around $63 per barrel.
The main drag on "black gold" prices in this session was news of the talks between the US and Iran taking place on February 6th in Oman. The goal of the meeting was to break the deadlock surrounding Tehran's nuclear program. Iran considered these discussions a significant "step forward," offering hope for a diplomatic solution rather than direct military conflict.
Although the U.S. maintains a significant military presence in the region, President Donald Trump said a follow-up meeting would be held early this week. The U.S. leader is scheduled to hold important talks with Israeli Prime Minister Benjamin Netanyahu on February 11th in Washington to discuss the Iran issue. Simultaneously, Washington is preparing a new package of tariffs targeting countries with trade relations with Tehran to increase economic pressure.
Since the beginning of 2026, crude oil prices have been trending higher despite concerns about global oversupply. This earlier upward momentum was supported by geopolitical hotspots and disruptions to oil flows in several regions, including Kazakhstan. However, progress in negotiations has led traders to reduce expectations of military intervention, putting downward pressure on prices again.
Besides the Middle East issue, investors are also focusing their attention on the Indian market. President Trump recently asserted that New Delhi had agreed to stop importing crude oil from Russia in exchange for the US lifting the 25% additional tariffs on Indian goods.
However, the Indian government has yet to directly confirm a commitment to completely cease purchasing oil from Russia. Indian officials continue to emphasize that ensuring national energy security remains a top priority. This inconsistency in statements between the US and India is creating conflicting forecasts regarding actual oil demand in the near future.
According to analysts, oil prices will continue to fluctuate in the short term, depending on the outcome of high-level meetings between the US and Iran, as well as developments on the ground in the Middle East.
Source: https://vtv.vn/gia-dau-lui-ve-sat-67-usd-thung-100260209084854931.htm
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