Brent fell 0.4% to $114.88 and WTI eased 0.8% as traders weighed renewed US diplomacy with Tehran against lingering supply risks in the Gulf, per Dow Jones Newswires.
Alphabet is heading for its worst day on record as weak search revenue and heavy AI spending spook investors, while the Nasdaq fell about 1.6%, per WSJ.
The average 30-year US mortgage rate slipped to 7.24%, extending its decline for a second week. Freddie Mac data, as reported by WSJ and Seeking Alpha.
Qatar Energy will take up to 3 million tons of LNG yearly from Woodside's Louisiana plant for 20 years, as the Iran war disrupts its own Hormuz exports.
China's biggest refiner posted a sharp rise in quarterly profit as oil prices and refining margins climbed. Figures reported by Reuters and Dow Jones Newswires.
Brent fell toward $114 a barrel as fresh Iran diplomacy eased strike fears, while gold declined after the Fed held rates steady and gave little guidance.
WSJ reports Persian Gulf crude exports have rebounded above prewar levels, but Brent near $110 reflects escalation fears, thin stockpiles and costly shipping.
The ECB is expected to keep its 2.5% deposit rate on Thursday, but attention centres on French bond yields and whether Christine Lagarde may leave early.
The Federal Reserve kept rates unchanged while two dissenters wanted a hike. The 10-year Treasury yield rose to 5.044% as US stocks ended mostly higher.
The UK's fiscal headroom shrinks from 24 to 15 billion pounds, but the government stays within its rules, the OBR says. Gilt prices were little changed.