Oil Prices Edge Higher as Brent Futures Recover to $100.57
Oil prices rose on Tuesday at the start of spot trading, with Brent crude futures for November delivery climbing 22 cents, or 0.22%, to $100.57 per barrel by 00:21 GMT. The increase followed a multi-day decline, stabilizing the market as investors awaited potential US-Iran talks on the sidelines of the UN General Assembly this week. US West Texas Intermediate crude for October delivery also rose 2 cents to $95.80 per barrel. Market analysts attributed the rebound to short-covering after recent declines rather than a shift in fundamentals, noting prices remain sensitive to diplomatic headlines. Meanwhile, Yemen's Houthi group claimed attacks on Saudi targets, and China reportedly urged Iran to help halt Houthi strikes.