US-Iran war, May 20 -- Oil prices slipped on Wednesday after US President Donald Trump reiterated that the conflict with Iran would conclude "very quickly." However, investors remained cautious over the progress of peace negotiations as the ongoing conflict continues to disrupt Middle East oil supplies.

Brent crude futures declined 45 cents, or 0.4%, to $110.83 per barrel, while U.S. West Texas Intermediate crude futures fell 27 cents, or 0.3%, to $103.88 per barrel.

However, crude oil prices on Multi Commodity Exchange (MCX) witnessed an upward movement. MCX crude oil prices rose nearly 0.70% to Rs.10,095 per barrel.

Despite telling US lawmakers late Tuesday that the conflict could end soon, President Donald Trump earlier indicated th...