INSUBCONTINENT EXCLUSIVE:

$82.33 per barrel

Brent crude dropped 0.91%, settling at $85.75 per barrel.The oil market reacted to a stronger U.S

dollar, making oil more expensive for holders of other currencies

Optimism about ceasefire talks between Israel and Hamas in Gaza also influenced prices.Ports in Texas closed in anticipation of Hurricane

Beryl, with minimal expected impact after offshore platform evacuations.TD Securities noted that the Middle East risk premium might decrease

unless conflicts escalate.Oil Futures Dip Amid Geopolitical and Hurricane Concerns

(Photo Internet reproduction)The bank pointed out high production levels and anticipated continued pressure on prices without persistent

of Russian oil, despite U.S

and ally sanctions

political landscape, suggesting a potential second term for Donald Trump could reduce regulatory barriers for the oil and gas sector.Natural

disasters like hurricanes also play a crucial role in the dynamics of the dynamics of the oil market.For instance, federal mobilization for

hurricanes like Ian influences oil supply chains and prices.These interconnected geopolitical events, natural disasters, and economic

intricate balance of supply, demand, and geopolitical stability that drives oil markets, affecting economies worldwide.