India, June 11 -- Oil prices traded lower on Thursday, giving up earlier gains on hopes that U.S.-Iran peace negotiations could resume.
Brent crude futures for August delivery were down 0.8 percent at $92.32 a barrel, reversing gains from earlier in the session after the U.S. military said that it had 'completed' its latest round of airstrikes targeting Iran. WTI crude futures fell half a percent to $89.54.
After launching a wave of new strikes on multiple targets in Iran, U.S. President Donald Trump said that the Iranians were delaying a deal and that there would be more attacks if no peace deal is secured.
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