Oil prices fell over 4% on Iran peace deal optimism
Oil prices plunged by more than 4% early on Friday as the market hopes for a peace deal between the U.S. and Iran.
The international benchmark, Brent Crude, had slipped by 4.34% at $86.36, extending the losses from Thursday.
The U.S. benchmark, WTI Crude, had dipped by 4.47% at $83.88, with both benchmarks headed to a three-month low.