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Oil prices fell to their lowest levels in 12 days as investors focused on possible progress in US-Iran talks at the UN General Assembly and signs of recovering Saudi crude shipments.

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00:00Oil prices eased on Monday to deal lowest level in 12 days as investors hope for diplomatic progress on the
00:08Iran war due to Dewey's United Nations meetings and eye a partial recovery in shipments from Saudi Arabia.
00:17The Brent Group Futures November contract settled at $100.34 a barrel, down $3.53 or 3.4%. The WTI
00:27October contract that is aspiring on Tuesday fell $4.52 or 4.51% to $95.78 a barrel. The
00:36November contract stood at $92.47. Both benchmarks fell to their lowest since September 9.
00:42On Sunday, Iran and the U.S. exchanged new threats, although President Donald Trump said he would be open to
00:48meeting Iran President Masoud Pazishkin, who is expected to be in New York this week for the United Nations General
00:54Assembly.
00:55Investors are pinning their hopes on a breakthrough in peace talks this week, said Thomas Varga, analyst at PVM Oil
01:01Associates.
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