Oil prices are mixed on Thursday after Donald Trump's post saying the US does not need a deal with Iran, CNBC reports. That is a more cautious picture than the early gain reported this morning, when Brent was 1.6% higher at $94.25 a barrel.
CNBC says WTI is down 16% in November and Brent has lost 20%.
John Kilduff, partner at Again Capital, told CNBC the recent falls may have gone too far.
"The market may have gotten ahead of itself on pricing in a cessation of hostilities"
Andy Lipow, president of Lipow Oil Associates, told CNBC that neither side's negotiating position seems to have changed. In his account, Iran wants the blockade ended, sanctions lifted and a ceasefire that includes Lebanon. The US wants the nuclear stockpile removed and free transit through Hormuz.