Energy and oilUpdated 17h ago

Brent and WTI fall 1.2% in early Thursday trading

At 01:41 GMT on Thursday, November 12, Brent futures were down $1.14 (1.2%) at $91.62 a barrel, while WTI futures fell $1.04 (1.2%) to $85.49, Asharq Al-Awsat reported. Both benchmarks had risen on Wednesday after reaching two-month lows on Monday. The report linked Thursday’s decline to market expectations of diplomatic movement around Russia and Ukraine and no escalation in the Iran war before the US-China summit. These expectations do not establish progress in Iran-related negotiations or a settlement.

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