Mumbai, Nov. 11 -- WTI crude oil futures are seen holding on to recent streak of losses near a 10-week low following signs of easing tensions between the US and Iran. US President Donald Trump reportedly suggested that additional military strikes against Iran may no longer be necessary, fuelling optimism for a potential diplomatic settlement. However, uncertainty persists as Iran demands relief from US sanctions and the naval blockade before agreeing to peace talks. Meanwhile, API Weekly Crude Oil Stock surged by 9.0 million barrels for the week ended November 6, marking the first stock build in six weeks. Currently, the counter is quoting at $86.55 per barrel, up 0.65% on the day after a nearly 5% slump in the last couple of days.
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