UN Talks Spark Oil Price Volatility

Crude oil futures remained volatile on Tuesday as talks around this week's UN gathering got underway. This comes amidst other developments in the oil market, including Saudi Arabia's decision to resume crude loadings at its Red Sea port of Yanbu after completing repairs to its East-West pipeline.

Saudi Arabia is set to restart loading oil at the port on Tuesday, following a brief halt due to pipeline repairs. The move is seen as significant given the importance of the port in the global oil supply chain.