Economy / Politics
Add as a preferred source on GoogleThe move marked Brent’s first dip below $90 since Aug. 31, Gulf News reported.
Brent crude fell to $89.65 a barrel on Tuesday before climbing back above $90, its first move below the threshold since Aug. 31, Gulf News reported.
The Gulf News report also listed U.S. inflation data, OPEC output, shipping through the Strait of Hormuz and Qatar-mediated talks as developments to watch.
The National said the remarks shifted attention to the possibility of additional crude reaching markets from the Middle East.
Over 24 hours, Brent declined 5.77%; an earlier reading showed the position more than $2 million in profit.
The plan includes about one million barrels per day from Kurdistan as Baghdad seeks a higher OPEC quota following war-related export disruptions.
