Oil Prices Down Nearly 2% on Demand, Iran, Tariffs

Oil prices were trading down 2% intraday, driven by ongoing demand fears combined with perceived progress on Iran nuclear talks and tariff whiplash, which continues to unsettle markets.On Monday, April 28, at 2:57 p.m. ET, Brent crude was paring its 2% daily losses slightly, trading down 1.60% at $65.80, and West Texas Intermediate (WTI) was trading down 1.59% at $62.02.  Oil prices are responding most heavily to the impact of the trade war on demand. On Monday, Beijing lashed out at Washington’s negotiating tactics, with Zhao Chenxin,…