Oil prices fall back to US$80 per barrel amid optimism over Mideast peace deal (opens original article in a new tab)

Oil prices declined to US$80 per barrel amid growing optimism about a potential Mideast peace deal, with Brent crude falling 3.6% in trading.

• Oil prices fell to US$80 per barrel as optimism grew over a potential Mideast peace deal
• Brent crude dropped 3.6% to US$80.20 before dipping below US$80
• WTI and Western Canadian Select traded below US$76 and US$60 per barrel respectively