Oil falls as Middle East exports recover easing supply worries
Oil prices were lower, as concerns over stalled U.S.-Iran talks were offset by a rebound in Mideast oil exports
TL;DR
- Oil futures for Brent and WTI decreased on Thursday.
- Middle East crude oil exports are reportedly nearing pre-war levels.
- Saudi Arabia has resumed oil tanker loadings from its Red Sea port, easing supply disruption concerns.
- The East-West Pipeline's operation provides some relief to oil prices.
- Stalled U.S.-Iran talks continue to be a point of concern for traders.
- U.S. and Iranian officials held indirect talks with mediators during the UN General Assembly.