{
  "id": 9308409,
  "title": "Oil Set for Longest Losing Streak Since August 2025",
  "url": "https://urgent.news/2026/09/23/oil-set-for-longest-losing-streak-since-august-2025",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-23T10:00:00.000Z",
  "source": {
    "name": "OilPrice",
    "slug": "oilprice",
    "url": "https://oilprice.com/Latest-Energy-News/World-News/Oil-Set-for-Longest-Losing-Streak-Since-August-2025.html"
  },
  "original_language": "en",
  "account": "Oil prices continued their decline on Wednesday, setting a record for the longest losing streak since August 2025. Brent Crude prices dropped by about 1%, reaching $98.30 in Asia, while U.S. benchmark WTI Crude fell by 1.4% to below the $90-a-barrel level. This marks the sixth consecutive day of losses, a first since the end of August 2025. The decline comes as first U.S.-Iran talks in months revived hopes of a deal, easing concerns about Middle East oil supply. U.S. President Donald Trump reported a productive meeting with Iranian representatives, suggesting the possibility of reopening the Strait of Hormuz and restoring oil flows from the region. The East-West oil pipeline in Saudi Arabia, which was shut down for over a week due to drone attacks, is now running at a reduced rate as Saudi oil giant Aramco works to restore flows to about 4 million barrels per day within a few weeks.",
  "summary": "Oil prices fell in Asian trading on Wednesday and were on course for a sixth consecutive day of declines as the first U.S.-Iran talks in months revived hopes of a deal and eased concerns about oil supply from the Middle East. In Wednesday trade in Asia, Brent Crude prices dipped by about 1% to $98.30, after falling on Tuesday below the $100 a barrel mark. The U.S. benchmark, WTI Crude, fell by…",
  "key_points": [
    "Oil prices hit longest losing streak since August 2025",
    "Brent Crude drops 1%, WTI Crude falls below $90",
    "U.S.-Iran talks revive Middle East oil supply hopes"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}