Crude Oil Prices Slip 3% From Day’s High On US-Iran De-escalation Hopes

New Delhi: International crude oil prices on Wednesday pared early gains and fell nearly 3 per cent from the day’s high, as optimism over a possible easing of the US-Iran conflict weighed on markets. Brent crude futures slipped to an intraday low of $102.79 per barrel, down about 2.9 per cent from the day’s high of $105.86. At the time of writing, Brent was trading around 1 per cent lower at $103.19 per barrel. Similarly, US West Texas Intermediate (WTI) crude dropped as much as 2.19 per cent from its intraday high of $103.31, and was marginally lower at $101.25…