Oil edges up as market awaits US-Iran talks at UN assembly

Oil prices rose slightly on Tuesday as the market steadied after recent declines, with investors awaiting potential US-Iran talks at the United Nations General Assembly this week. Brent crude futures for November gained 22 cents to $100.57 a barrel, while WTI October futures edged up 2 cents to $95.80. Analysts attributed the move to short-covering rather than a fundamental shift, noting prices remain sensitive to diplomatic headlines. Tensions persist as Iran-backed Houthis claimed attacks on Saudi targets, while China privately urged Tehran to curb such actions. Separately, Libya's Sharara oilfield reported a partial production reduction.