Oil Prices Fall 2 Percent on Supply Relief
Oil prices fell nearly two percent as Middle East crude exports increased and the G7 agreed to release emergency stockpiles. The decline reflects easing supply concerns, though ongoing regional hostilities continue to limit deeper losses.
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Brent Crude Oil fell 1.8% to $98.48 a barrel on Tuesday morning following increased Middle Eastern exports and a G7 emergency stockpile release. The drop puts the global benchmark on track for its lowest close since September 8. The pullback erodes the psychological three-digit support level as traders price in a steady recovery in seaborne crude flows.
