Oil Prices Slide 2 Percent Amid Peace Talks
Oil prices fell about two percent to a multi-week low as markets weighed ongoing peace talks regarding conflicts in Ukraine and Iran against potential supply disruptions. Traders also monitored US midterm elections and upcoming energy storage reports.
Xurve View
Insights:
Xurve View
Brent Crude Oil fell 2% to $103.14 a barrel during Tuesday morning trade as markets weighed potential peace talks against ongoing supply disruptions. The drop brings the global benchmark toward its lowest close since October 7. Traders are balancing diplomatic efforts in Ukraine and Iran against the risk of renewed energy infrastructure attacks.
