Brent Oil Drops Over 2 Percent
U.S. crude oil prices fell by more than 2% on Tuesday, amid increasing reliance on energy export flows from the Middle East and investor concerns over supply disruptions. Brent crude declined by 2.6% to reach $102.59 per barrel, while West Texas Intermediate dropped by 3.5% to $89.38. Forecasts suggest that Brent could rise by approximately 13% this month, with WTI increasing by 4%. The decline is attributed to the recovery in oil flow rates in the region, amidst ongoing negotiations between the United States and Iran, which are impacting the global oil market.
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