Oil climbs in Asia amid Middle East concerns
Oil prices in Asia have risen for the second consecutive session due to ongoing fears of supply disruptions in the Middle East resulting from the ongoing conflict between the United States and Iran. Despite this, regional oil exports experienced a rebound in September, reaching their highest level since February, amid focus on possible negotiations to end the war that began seven months ago. Brent crude futures increased to $105.91 per barrel, while West Texas Intermediate rose to $93.32. The main factor preventing prices from sustainably climbing above $110 remains the hope for a settlement.
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