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April 8, 2021, 2:44 p.m. EDT

U.S. oil prices post a modest loss as traders eye demand, U.S.-Iran nuclear deal developments

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By Myra P. Saefong

U.S. oil futures finished modestly lower on Thursday, pressured as rising cases of COVID-19 threatened to slow global economies, and demand for energy. Traders also looked for any signs of progress toward a U.S.-Iran nuclear deal that would likely lead to more oil in the world market. West Texas Intermediate crude for May delivery fell by 17 cents, or 0.3%, to settle at $59.60 a barrel on the New York Mercantile Exchange.

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