Stocks Market
Oil Prices Slide for Sixth Straight Day as Brent Falls Toward $100 and WTI Slides
Crude oil prices kept falling on Tuesday, marking a sixth straight session of losses. Brent was last at $99.64 per barrel, down 0.70%, while WTI followed the same downward trend in a market still pressured by Middle East developments. Traders are focused on possible U.S.-Iran talks around the UN General Assembly after Sunday exchanges of threats, with President Trump saying he is open to meeting Iran’s leader. Supply flows remain a watch item as Saudi exports through the Strait of Hormuz rose over the weekend and a Libyan pipeline disruption affected Sharara output.
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Sixth straight session of losses for oil benchmarks
Global crude prices continued their slide on Tuesday morning, marking a sixth consecutive daily decline. Brent was last at $99.64 a barrel, down 0.70%, while the U.S. benchmark WTI tracked the same softer path in a market still dominated by risk-off flows.
Diplomatic hopes weigh on energy sentiment
- Market participants are monitoring possible discussions between the United States and Iran around the UN General Assembly.
- Washington and Tehran traded threats over the weekend, but President Donald Trump said he remains open to a meeting with Iran’s leader.
- The prospect of improved diplomatic engagement is one of the main factors capping crude valuations.
Supply disruptions keep the market on alert
Energy supplies remained another focal point. Saudi exports through the Strait of Hormuz increased over the weekend, while a pipeline issue in Libya reduced output from the Sharara field. These developments are keeping uncertainty alive around available crude volumes, even as the broader market continues to price in persistent Middle East tensions.