Oil prices fall below $94 a barrel, awaits news of Iran nuclear deal
Oil prices fell over 2% on Tuesday to their lowest since before Russia’s invasion of Ukraine, as economic data spurred concerns about a potential global recession, while the market awaited clarity on talks to revive a deal that could allow more Iranian oil exports.
Brent crude futures fell $2.27, or 2.4%, to $92.83 a barrel. The contract hit a session low of $92.51 per barrel, the lowest since Feb. 18.
West Texas Intermediate crude (WTI) shed $2.31, or 2.6%, to $87.10 a barrel. The benchmark fell to a session low of $86.69 per barrel, lowest since Feb. 1.
The contracts fell about 3% in their previous sessions.
