Oil Falls 1% Amid Mideast Tension and Export Recovery Fears
Oil prices saw a 1% decline as signs of recovering Gulf crude exports emerged, despite ongoing elevated tensions in the Middle East due to concerns over further military action and attacks on shipping. Brent crude for December delivery was down 1% at $101.26 a barrel in early European trading, with WTI futures also sliding.
Oil prices eased on signs that Gulf crude exports are recovering, even as tensions in the region remained elevated amid concern over further military action and attacks on shipping. 26 a barrel, while WTI futures slid.