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Commodities

Brent Crude Sinks Below $100 Amid Diplomatic Hopes

Guavy AI Editorial Team
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Oil
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The price of Brent crude oil, the international benchmark for oil, dipped below $100 on Monday as diplomatic talks regarding the war in the Middle East were anticipated. The market is awaiting new discussions, particularly with the UN General Assembly taking place this week in New York.

The barrel of Brent fell 4.02% to $99.69 by around 10:15 GMT (11:15 in Paris). Meanwhile, the price of West Texas Intermediate for October delivery dropped 5.06% to $95.22.

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