WTI Oil Prices Hold Ground Ahead of UN Diplomatic Talks

Oil prices are maintaining their footing above $92.00 per barrel as traders remain cautious ahead of diplomatic talks at the United Nations General Assembly in New York.

The West Texas Intermediate (WTI) oil price has halted its four-day losing streak, hovering around $92.40 per barrel during the European hours on Tuesday.

Market attention is focused on US President Donald Trump's agenda, which includes a possible side meeting with Iranian President Masoud Pezeshkian and planned talks with Chinese President Xi Jinping and leaders from other Gulf nations throughout the week.

The proposed establishment of a $5 billion fund to support the reconstruction of war-damaged infrastructure across the Middle East is also a key concern for traders.