Oil prices steady as Gulf exports recover
Oil prices held firm as recovering Gulf exports and rising US inventories eased supply concerns. Investors are also watching renewed US-Iran diplomatic efforts in the Middle East.
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Brent Crude Oil futures rose 0.6% to $98.67 a barrel on Thursday morning, steadying as recovering Gulf exports offset supply concerns. The benchmark recorded a monthly gain of around 14% in September, its biggest since July. Markets are weighing rising shipments against ongoing diplomatic talks involving the United States and Iran aimed at easing Middle East tensions.
