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Oil hits over 1-week low on hopes of boost to diplomacy in Iran war
Brent and WTI fell more than 2% as traders weighed possible US-Iran talks at the UN and a Saudi export rebound to over 4 million barrels per day, Kpler said.
- On Monday, oil prices slid to their lowest in more than a week, with Brent crude futures down 2.08% to US$101.71 a barrel as investors weighed diplomatic hopes regarding the Iran war.
- President Donald Trump said on Sunday he would be open to meeting Iranian President Masoud Pezeshkian, who is expected to attend the United Nations General Assembly in New York this week.
- On Saturday, Yemen's Iran-backed Houthis said they attacked 'sensitive' sites in Riyadh and a Saudi Aramco facility in Yanbu with missiles and drones, elevating Middle East tensions.
- Attacks on the East-West pipeline prompted Saudi Aramco to shift exports through the Strait of Hormuz, enabling shipments to recover to over 4 million barrels per day so far in September.
- Iran has conveyed conditions to mediators for re-engaging in negotiations, while China reportedly asked Iran to help rein in the Houthis following an appeal by Saudi Arabia.
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110 Articles
Evening Standard+2 Reposted by 2 other sources
FTSE 100 climbs as oil prices dip on US-Iran talks hope
The FTSE 100 index ended up 79.88 points, or 0.8%, at 10,739.01.
·London, United Kingdom
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Brent's barrel, an international oil benchmark, was returned Monday under 100 dollars, while the US equivalent the WTI lost more than 5%. ...
·Brussels, Belgium
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The European crude oil went back about 4%, to be close to 99.80 dollars
·Madrid, Spain
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TVA NouvellesReposted by 
Le Journal de Quebec
Le Journal de QuebecOil: the Brent returns to 100 dollars in the hope of diplomatic improvements in the Middle East.
·Montreal, Canada
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Oil Prices Make New Move Amid Weekend Developments In Iran
Oil prices slid sharply Monday, dropping to their lowest levels in 11 days as traders weighed possible diplomatic movement between the United States and Iran along with signs that Saudi Arabia is finding new ways to keep crude flowing. Brent crude for November fell $2.69, or 2.6%, to $101.18 a barrel by 12:54 p.m. GMT […]
Coverage Details
Total News Sources110
Leaning Left6Leaning Right16Center15Last UpdatedBias Distribution43% Right
Bias Distribution
- 43% of the sources lean Right
43% Right
L 16%
C 41%
R 43%
Factuality
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