Oil Futures Settle Lower After Volatile Session
Brent crude for December delivery fell 0.7% to $108.7 after prices reached multimonth highs and pulled back as traders weighed U.S.-Iran diplomacy prospects and continuing Middle East supply risks.
By Farhan Rafid and Anthony Harrup, oil futures finished lower Tuesday after a volatile session in which prices touched multimonth highs before retreating. Traders weighed the outlook for U.S.-Iran diplomacy against ongoing Middle East supply risks. Brent crude for December delivery lost 0.7% to $108.7…