Commodities
Brent Crude Plunges Below $99 Amid Diplomatic Hopes
Oil prices declined on September 23 amid hopes for a diplomatic resolution to the US-Iran conflict.
According to Reuters, both Brent and WTI contracts have been falling for six consecutive sessions, reaching their lowest level in about two weeks.
The market received positive signals after US President Donald Trump indicated that his envoys had conducted fruitful negotiations with Iranian mediators to end the conflict.
Data from the American Petroleum Institute showed a rise in US crude inventories, while markets await official data from the Energy Information Administration later today, expecting a decline in inventories.