Oil Prices Reverse Course as Traders Watch US-Iran Diplomacy | EN590 Commodities
EN590 Commodities GroupCrude Oil September 22, 2026
Oil Prices Reverse Course as Traders Watch US-Iran Diplomacy What I Cover
Irina Slav has been writing about global energy markets since 2007, covering the oil and gas industry, energy security, commodities, and the… Crude oil prices, which had been falling since last week, today reversed course and made gains ahead of a UN General Assembly session that many hope will yield some progress on peace talks between the U.S. and Iran. As indicated by the latest oil price move, not everyone shares that hope, withBrent crudetrading at 101.69 per barrel at the time of writing, andWest Texas Intermediateat $93.38 per barrel. However, some observers see oil’s change of direction differently. “The move higher in WTI and the stronger open in Brent have the appearance of a typical short-covering bounce
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