[NEW YORK] Oil prices settled lower on Wednesday after President Donald Trump said that the US would end its war on Iran fairly soon.

The front-month Brent contract for June fell US$2.81, or 2.7 per cent, to settle at US$101.16 per barrel, bouncing off a session low of US$98.35. US West Texas Intermediate crude futures for May slipped US$1.26, or around 1.2 per cent, to US$100.12 per barrel, off a session low of US$96.50.

https://www.businesstimes.com.sg/companies-markets/energy-commodities/oil-slides-after-trump-says-us-will-end-its-war-iran-soon