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Oil prices hit two-month lows

NEW YORK: Oil prices slid about 2 percent to fresh two-month lows on Tuesday after US officials downplayed the need for additional military action against Iran, easing fears of additional Middle East supply disruptions. Brent futures fell USD1.93, or 2.1 percent, to USD90.64 a barrel at 10:28 a.m. ET (1528 GMT), while US West Texas Intermediate (WTI) crude fell USD1.44, or 1.7, to USD85.41. That…

First reported by Business Recorder 1 source
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Image: Business Recorder
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  1. Business Recorder

    Oil prices hit two-month lows (opens Business Recorder in a new tab)

    NEW YORK: Oil prices slid about 2 percent to fresh two-month lows on Tuesday after US officials downplayed the need for additional military action against Iran, easing fears of additional Middle East supply disruptions. Brent futures fell USD1.93, or 2.1…

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