Oil gains over 1% before US-Iran talks
Oil prices rose today, Tuesday, as the market steadied after several days of decline. Brent crude increased by 1.12% to $101.46 per barrel, while U.S. West Texas Intermediate rose by 0.80% to $96.55 per barrel. This comes amid anticipation of a potential meeting between U.S. President Donald Trump and his Iranian counterpart in New York during the United Nations General Assembly sessions. It is believed that diplomatic developments could lead to a temporary rebound in prices and a shift in market expectations.
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