Oil declines to over a week low

The price of oil has fallen to its lowest level in over a week, with Brent crude reaching $101.71 per barrel. This comes amid expectations that diplomacy will be reopened during the United Nations meetings to end the war with Iran. Markets are anticipating a partial recovery in Saudi oil shipments, despite ongoing Houthi attacks in Yemen. This decline is driven by reduced demand amid concerns over escalating regional tensions and their impact on global oil supplies.

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