Following the weakness seen in the previous session, the price of crude oil has shown a lack of direction over the course of the trading day on Wednesday.
Crude for April delivery is slipping $0.15 or 0.2 percent to $65.48 a barrel after slumping $0.68 or 1 percent to $65.63 during Tuesday's session.
The choppy trading on the day comes as traders look ahead to nuclear talks between the United States and Iran in Geneva, Switzerland, later this week.
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Market Analysis
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.