Oil Prices Fall as Middle East Exports Recover
Oil prices settled lower on signs of recovering crude exports from the Middle East. Saudi Arabia resumed oil tanker loadings, easing supply concerns during the conflict.
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Brent Crude Oil prices fell 2.6% to $102.59 a barrel on Tuesday afternoon as recovering Middle East exports eased supply fears. Prices dropped from recent highs following signs of easing flows in key regional transit pipelines. Despite the daily decline, crude remains on track for a monthly advance of 13%.
