Oil prices have gained as the market steadied after several days of declines, with investors awaiting developments on potential US-Iran talks at the United Nations General Assembly this week, Reuters reports.
The Brent crude futures November contract gained 22 cents, or 0.22 per cent, to $100.57 a barrel at 0021 GMT. The WTI October contract, which expires today, crept up 2 cents, or 0.02pc, to $95.8 a barrel.
The more actively traded November contract was up 13 cents, or 0.14pc, at $92.49 a barrel.
Iran and the US exchanged threats last week, though President Donald Trump said he would be open to meeting Iranian President Masoud Pezeshkian, who is expected to be in New York this week for the UN General Assembly.
“The move higher in WTI and the stronger open in Brent have the appearance of a typical short-covering bounce after the recent decline, rather than a fundamental shift,” said Tim Waterer, chief market analyst at KCM Trade.
