Oil Prices Extend Losses as U.S.-Iran Calm Holds for Another Night

Oil prices continued to trend lower in early Asian trade on Tuesday as a fourth night passed without any attacks from either Iran or the United States. At the time of writing, WTI crude was trading at $81.55 per barrel, down 1.28% on the session, while Brent crude had slipped to $87.36 per barrel, a decline of 1.13%. On Monday, President Trump sought to boost hopes of a diplomatic resolution between Washington and Tehran by claiming that the U.S. was engaged in "good talks" with Iran. Iranian officials echoed that sentiment, although both parties…