Oil Holds Steady After Recent Losses

India, Sept. 23 -- Oil prices held steady on Wednesday after recent string of losses on hopes for progress in U.S.-Iran talks.

Brent crude futures were up 0.3 percent at $99.55 a barrel after falling for five straight sessions.

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WTI crude futures slipped half a percent to $90.11 a barrel on growing hopes for a diplomatic resolution to end the ongoing conflict in West Asia.

Helping ease concerns over a prolonged conflict, media reports suggested that Iran is ready to reopen the Strait of Hormuz within seven days if the United States eases military pressure and lifts its blockade on Iranian ports.

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