Oil prices fall: Brent settles at $100.32 as markets weigh higher Gulf exports, G7 supply boost
Oil prices fall; Brent settles at $100.32
Oil prices declined in early Asian trading on Tuesday, with Brent crude settling just above $100 a barrel as markets weighed improving Middle East oil exports against persistent security risks around the Strait of Hormuz. West Texas Intermediate crude was quoted at $89.18 a barrel, down 25 cents, or 0.28%, while Brent crude stood at $100.30, down $1.93, or 1.89%.
The declines followed a weaker previous session as traders assessed signs that Middle Eastern producers are managing to maintain oil exports despite the ongoing US-Israeli war with Iran and threats to shipping through Hormuz.
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