Oil Falls Below $90 Amid Easing Supply Concerns From Middle East
Oil prices declined, with U.S. benchmark WTI futures slipping below $90 a barrel. This drop is attributed to easing immediate supply concerns following increased Middle East exports and the release of emergency stockpiles by the G-7. Brent crude was down 0.3% at $100.07 a barrel in early European trading.
Story updates
07:45:32 AM UTC
SquawkNews
By Farhan RafidOil prices fell Tuesday as traders assessed recovering Middle East crude exports against fresh shipping incidents around the Strait of Hormuz and renewed fighting near the Bab al-Mandeb Strait.December Brent crude futures fell 0.4% to $99.88 a barrel, while December West Texas Inter…
S. benchmark WTI slipping below $90 a barrel as near-term supply concerns ease after an increase in Middle East exports and the release of G-7 emergency stockpiles. 07 a barrel, while WTI futures were down 0…