Oil falls as Trump downplays prospect of escalation with Iran
Summary
Listen to this article in summarized format Brent crude futures fell 24 cents, or 0.23%, to $92.33 a barrel by 0102 GMT, while US West Texas Intermediate (WTI) futures fell 35 cents, or 0.40%, to $86.50 a barrel. Brent settled down 5.85% in the previous session after sliding to its lowest since August 31.
Source: SECTIONS Oil falls as Trump downplays prospect — Read the full report
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Neutral
Brent crude futures fell 24 cents to $92.33 a barrel, while US West Texas Intermediate futures dropped 35 cents to $86.50. Trump stated on Monday that he plans to hold off on new military strikes against Iran for the time being. He cited appeals from regional countries, including Qatar's prime minister, during White House talks as the reason for this decision.
Western
Brent crude futures fell 24 cents to $92.33 a barrel, while US WTI futures dropped 35 cents to $86.50. Trump stated he plans to hold off on new military strikes against Iran for the time being, citing appeals from regional countries including Qatar's prime minister.
Global South
Oil prices eased as President Trump indicated a pause in military strikes against Iran, citing appeals from regional nations including Qatar. This development follows a sharp 5.85% drop in Brent crude, which had previously slid to its lowest level since August 31.
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- SECTIONS Oil falls as Trump downplays prospectBy SECTIONS Oil falls as Trump downplays prospect
Listen to this article in summarized format Brent crude futures fell 24 cents, or 0.23%, to $92.33 a barrel by 0102 GMT, while US West Texas Intermediate (WTI) futures fell 35 cents, or 0.40%, to $86.50 a barrel. Brent settled down 5.85% in the previous session after sliding to i…
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