UPDATE | Oil prices declined on Tuesday after reports that Iran could allegedly reopen the Strait of Hormuz within seven days, easing concerns about disruptions to the key global oil shipping route.
Brent crude futures for November fell 89 cents, or 0.89%, to $99.45 a barrel by 09:32 GMT. US West Texas Intermediate (WTI) crude for October, which expires on Tuesday, dropped $1.09, or 1.14%, to $94.69 a barrel.
The more actively traded November WTI contract fell $1.31, or 1.42%, to $91.06 a barrel.
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The Cradle ⭕️ Oil prices rose on Tuesday after four straight sessions of losses, as investors awaited possible developments in US-Iran talks at the UN General Assembly this week, following an increase in supply through the Strait of Hormuz over the weekend. Brent crude…
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