Oil declines 3% as WTI drops below $90

The article reveals that oil prices have decreased by 3%, with Brent crude dropping to around $99.43 per barrel and West Texas Intermediate to approximately $89.5, after experiencing gains earlier in the month. This decline is attributed to market concerns related to escalating tensions in the Middle East and China's announcement of a temporary halt to fuel exports during the weekend. The downturn follows a previous rise of over $4 for Brent and more than $2 for West Texas Intermediate, driven by reports of the United States sending additional troops to the region, as well as China's restrictions on fuel exports. This reflects ongoing pressures on the global oil market.

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