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By Reuters Sept 6, 2022 7:00:01 AM IST (Updated)
European Union's foreign policy chief said he was less hopeful about reaching an agreement soon to revive a nuclear deal with Iran, which would delay any return of around 1 million bpd of Iranian crude to the market.
Oil prices slipped early on Tuesday, paring the previous session's 3 percent gain, as an OPEC+ deal to cut output by 100,000 barrels per day in October was seen as a largely symbolic move to stem the market's recent slide.
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Brent crude futures fell 33 cents, or 0.3 percent, to $95.44 a barrel at 00:54 GMT.
US West Texas Intermediate (WTI) crude futures inched up from Monday to $89.13 a barrel, and were up $2.26, or 2.6 percent, from Friday's close. There was no settlement on Monday, the US Labor Day holiday.