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At close · Thu, Sep 24, 2026
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Home›Commodities›Energy›Oil prices rise after five-day losing streak

Oil prices rise after five-day losing streak

Oil traded higher after a five-day slump as hopes for a diplomatic breakthrough in the Middle East lifted sentiment.

Reported · Written up by our desk · Energy

Oil prices moved higher on Wednesday after a five-day losing streak, reversing recent declines for the energy market, CNBC World reports.

The session was marked by mixed price action, with traders pointing to optimism that diplomacy could help ease the Middle East conflict.

CNBC World said the renewed optimism followed talks between Iran and the U.S., which helped support hopes for a potential diplomatic solution.

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Sources

CNBC WorldOil prices rise after five-day losing streak

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