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Crude Oil Prices Dip Amid Iran's Diplomacy Signal, Global Market Turmoil
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CNBC Awaaz•24-09-2026, 07:48
Crude Oil Prices Dip Amid Iran's Diplomacy Signal, Global Market Turmoil
- •Crude oil prices saw a slight dip on Thursday, September 24, after a nearly 4% surge in the previous session.
- •Iran signaled openness to diplomacy, despite ongoing disagreements on how to end the US-Iran conflict.
- •Brent crude oil fell 0.9% to $102.13 per barrel, and West Texas Intermediate (WTI) futures dropped 0.7% to $91.56 per barrel.
- •A senior Iranian official stated that talks should continue, following the Iranian President's address at the UN General Assembly where he asserted Tehran would never surrender to US pressure.
- •US crude oil inventories increased by 3 million barrels last week to 426.4 million barrels, contrary to analysts' expectations of a decrease.
Key Questions Answered
Brent crude oil fell 0.9% to $102.13 per barrel, while West Texas Intermediate (WTI) futures dropped 0.7% to $91.56 per barrel on Thursday, September 24, following a nearly 4% surge in the previous session.
Iran is reviewing US peace proposals that primarily focus on lifting the US naval blockade on Iranian ports and reopening the Strait of Hormuz.
According to the US Energy Information Administration, US crude oil inventories increased by 3 million barrels last week, reaching a total of 426.4 million barrels.
