Oil prices hit over a week low
Global oil prices have fallen to their lowest levels in over a week, driven by hopes of opening a diplomatic pathway to ease the war between the United States and Iran, along with optimism about improved oil supplies from Saudi Arabia despite Houthi attacks. Brent crude dropped to $101.71 per barrel, and West Texas Intermediate to $98.15, amid expectations of reduced geopolitical risks and better oil flows from the Middle East. Saudi exports increased to over 4 million barrels per day in September, helping to alleviate concerns about global supply shortages.
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