Oil falls to lowest since August on Middle East diplomacy hopes
Written by AI from bloomberg.com's report. Not checked by a person.
Crude steadied near its lowest level since August after a drop of more than 4% on Monday, with WTI below $87 and Brent above $92 on hopes of diplomacy.
Bloomberg's oil market update dated 9 November said crude steadied near its lowest since August. West Texas Intermediate traded below $87 a barrel after sliding more than 4% on Monday, while Brent settled above $92. The main driver was optimism about diplomacy to end the Middle East war. The page is dated 9 November, one day before the requested date, and is included as a leading commodities story in the 10 November coverage.
