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Oil prices hold steady amid US-Iran talks and monthly gains

Greenwatch Desk Energy 2026-10-01, 8:49am

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Oil prices held largely steady during early trading in Asia on Thursday, tracking previous gains and steep monthly increases as market participants weighed the latest developments in US-Iran peace discussions alongside regional crude export trends.


Brent crude futures climbed 12 cents, or 0.1 percent, to $98.15 per barrel as of 00:45 GMT. US West Texas Intermediate (WTI) settled at $90.35 a barrel, slipping 7 cents, or 0.1 percent.

Both major benchmarks advanced by roughly $1 a barrel in the prior session.

According to Reuters, Brent advanced by approximately 14 percent in September, its strongest monthly performance since July, while WTI finished the month up about 5 percent, reports AL Jazeera.