Oil falls on report Asia will import highest volume of crude since start of Iran war
Oil fell Thursday, as traders assess a report that Asia is on track to import its highest volume of crude oil since the start of the US-Iran war.
TL;DR
- Oil prices decreased on Thursday.
- Asia is on track for its highest crude oil imports since the start of the US-Iran war.
- September crude oil imports for Asia were reported at 23.96 million barrels per day.
- Tensions continue between the U.S. and Iran, with President Pezeshkian addressing the UN General Assembly.
- Market watchers note risks from monetary tightening, Middle East escalation, and U.S.-China trade talks.