US-Iran war, April 22 -- Oil prices were mostly unchanged on Wednesday, 22 April, after an initial rise of around $1 in early Asian trading, as investors evaluated the prospects of US-Iran peace negotiations following Washington's decision to extend the ceasefire.

Brent crude hovered near $98 per barrel after gaining nearly 9% in the previous two sessions, while West Texas Intermediate traded around $89 today.

Back home, crude oil prices on the Multi Commodity Exchange (MCX) were down marginally by 0.33% at Rs.8,401 per barrel.

According to Kaynat Chainwala, AVP, Commodity Research, Kotak Securities, prices softened slightly today as US President Donald Trump extended the ceasefire, but persistent uncertainty around the proposal, marke...