Crude prices rebounded Thursday from the prior session's drop as U.S. President Donald Trump pressured Iran to reopen the blockaded Strait of Hormuz or face a bombardment of its energy plants.

Crude prices rebounded Thursday morning as Iran signaled skepticism over peace talks with the U.S., casting doubts about a potential ceasefire to the month-long Middle East conflict that has shuttered a fifth of world oil supply.

Crude futures dipped Wednesday amid conflicting reports on whether the U.S. and Iran were in talks to find a solution to the more than three-week long Middle East conflict, with Israeli media suggesting an impending ceasefire.

Oil futures dropped nearly 5% Wednesday morning, with Brent back below $100 bbl, on news the U.S. have proposed a 15-point plan to negotiate an end to the war with Iran.

Oil prices resumed their rally Tuesday after a one-day reprieve as the U.S. was reported to be planning to send thousands of additional troops to the Middle East, and Iran denied that it was in talks to protect its power plants from U.S.-Israel fire.

Oil prices advanced Tuesday morning after Iran denied U.S. claims of negotiations and Israeli and Iranian attacks continued.

Crude oil and product futures tumbled in volatile trade Monday, with Brent settling below $100 bbl, after an Iranian official disputed U.S. President Donald Trump's announcement that White House representatives were in talks with Tehran to find a solution to the three-week...