Brent crude dips below $99

Oil prices declined on Tuesday, with Brent crude falling below $99 per barrel for the first time in two weeks, recording a decrease of 1.39% to reach $98.68. West Texas Intermediate also dropped by 2.05%, settling at $90.20. This decrease is attributed to expectations of possible talks between the United States and Iran during the United Nations meetings, coupled with increased oil supplies through the Strait of Hormuz, which eased supply concerns and put downward pressure on prices.

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