Oil remains above $100 per barrel as traders await potential US-Iran talks
6 Articles
6 Articles
Oil prices have risen today Tuesday, as the market stabilizes after falling over days, while investors await developments in possible talks between the United States and Iran on the margins of United Nations General Assembly meetings in New York this week.
Oil remains above $100 per barrel as traders await potential US-Iran talks
Oil prices climbed above one hundred dollars a barrel as Middle East tensions intensified. Traders weighed signs of possible US-Iran talks against continuing tensions in the Gulf. Yemen's Houthis conducted attacks on Riyadh and a Saudi Aramco facility. Traffic through the Strait of Hormuz has dropped sharply due to ongoing conflict. The US and Iran have traded threats for over six months now.
Global oil prices stabilized at US$100 per barrel after plunging, driven by easing Middle East supply tensions and US-Iran diplomatic efforts.
Citing Reuters, Brent crude futures for November rose 22 cents, or 0.22%, to US$100.57 per barrel at 00:21 GMT.
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