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Oil Price Today (April 16): Crude oil hovers below $95 amid Iran war peace talks. Where are prices headed?

Posted on April 16, 2026
By Business News Today
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1 min read

Oil Price Today (April 16): Crude oil hovers below $95 amid Iran war peace talks. Where are prices headed?

Oil prices stayed below $95 as hopes of a US-Iran deal cooled supply concerns, with near-term direction hinging on progress in geopolitical talks and actual restoration of supply flows.