Oil hits over 1-week low on hopes of boost to diplomacy in Iran war

INTELLIGENCE SUMMARY

SINGAPORE: Oil prices slid to their ​lowest in more than a week on Monday on hopes diplomacy in the Iran war will get a chance ‌this week amid a UN meet and as investors eyed a partial recovery in shipments from Saudi Arabia despite ongoing attacks by Yemen’s Houthis. Brent crude futures and US West Texas Intermediate crude touched their lowest since Sept. 10 earlier on Monday, with Brent at $101.71 a barrel by 05:13 a.m. Saudi time, down $2.16, or ​2.08 percent, after settling 0.91 percent