Crude Oil Prices Hover Near $98 Amid Supply Recovery and Peace Talks Uncertainty
Economic Times Markets · stocks
Crude oil prices remained largely stable around $98 a barrel on October 1, following a recent surge. Investors are closely monitoring the recovery of crude supply from West Asia against ongoing regional concerns. While flows are nearing pre-war levels, fuel supply recovery is slower. Peace deal talks between Tehran and Washington are ongoing, with Iran receiving a US response to its proposal. Analysts express uncertainty about the conflict's endgame and potential supply disruptions, which could lead to higher prices.