World · 7 hours ago
Oil prices dip below $100 after Saudi exports recover and US Iran talks loom
Brent crude and US benchmark futures dropped below $100 a barrel on Monday as investors anticipated peace talks at the United Nations General Assembly. Saudi Arabia boosted oil shipments through the Strait of Hormuz to 2.9 million barrels per day despite ongoing Houthi attacks on regional energy sites. Meanwhile, Libya's National Oil Corp reported a partial reduction in output at the Sharara oilfield.
Reported by Reuters · How we write briefs