Oil prices fell amid negotiations on the conflict between the US and Iran.
The price of oil from the North Sea, the Brent index, fell below 93 dollars per barrel for the first time since September 1. This will be evidenced by the trading data on the ICE exchange in London.
Against the background of the negotiations to end the conflict in the Middle East, the cost of crude oil for delivery in December decreased by 5.6% to 92.86 dollars per barrel. As of this writing, prices have settled at $94.26 per barrel.
At the same time, December WTI Texas crude oil contracts fell by 2.83% to $87.8 per barrel. In November, world oil prices may drop to $93 a barrel amid expectations of progress in peace negotiations between the United States and Iran, says Suganda Sahdeva, founder of the Indian research firm SS WealthStreet.