Oil prices barely changed as investors assess US-Iran peace talks and Gulf exports

Oil prices exhibited notable stability during the early trading hours in Asia as traders closely monitored the US-Iran peace discussions for potential ramifications. While Brent crude futures slightly increased, US West Texas Intermediate experienced a marginal dip. Analysts emphasized the need for significant developments in the negotiations to see a marked impact on prices. Additionally, signs of recovery in Middle Eastern oil exports further supported this price steadiness.