Brent crude falls for sixth day on US-Iran talks optimism

Brent crude oil prices fell for a sixth consecutive day on Wednesday, reaching their lowest level since September 8 and dropping 10% from this month's peak, amid growing optimism over a potential US-Iran agreement. The decline followed talks between US and Iranian officials in New York, where Iran demanded the US return to a Memorandum of Understanding, including ending the war and releasing frozen assets. Analysts at Goldman Sachs expect China's oil imports to remain contained, rising only modestly in the fourth quarter. Technical indicators suggest the uptrend may not be over, with Brent still above its ascending trendline and 50-day EMA. A pullback toward $95 support is possible before a rebound, though a break below that level would signal a new downtrend.