Brent Falls to $100 as Traders Bet on a U.S.-Iran Deal

Oil traders are pricing a U.S.-Iran settlement and discounting the threats around it. As of 940 a.m.

ET on Wednesday, Brent had fallen $3.04, or 2.9%, to $100.60 per barrel, its third straight loss, and WTI had dropped $2.86, or 3%, to $93.23. Murban slipped $1.27 to $100.90.

Both crude benchmarks traded higher early before reversing in a volatile session. President Trump told the Financial Times that Washington has no immediate plans to strike Iran.