Oil prices extended their slide on Tuesday after US President Donald Trump reportedly played down the possibility of further military action against Iran, easing fears of prolonged disruptions to West Asian oil supplies. Market concerns about a potential global oversupply also weighed on prices.
Brent crude futures were down $2.92, or 3.15%, at $89.65 a barrel by 13:34 GMT, while U.S. WTI was down $2.33, or 2.68%, at $84.52.
After falling 5.9% in the previous session, Brent fell below $90 a barrel for the first time since August 31.