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[Oil prices headed towards their longest losing streak in a year, influenced by Saudi Arabia’s hopes of restarting the oil pipeline and U.S.-Iran talks] On September 23, oil prices headed towards their longest losing streak in a year, with Saudi Arabia pushing to restart a key oil pipeline, while the United States stated that negotiations with Iran had made progress. Brent fell to around $98 a barrel, falling for the sixth consecutive trading day, with a cumulative decline of more than 9%. That would be the benchmark's longest losing streak since August 2025, months before Washington and Israel launched a coordinated attack on Iran that would spark a conflict. WTI crude oil futures fell to the $90 level.
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