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WTI futures fall $3.22 as Persian Gulf oil flows recover

  • Crude futures in New York declined as Persian Gulf oil flows showed signs of recovery.
  • West Texas Intermediate for November fell $3.22, or 3.5%, to settle at $89.
  • Diplomatic uncertainty between Washington and Tehran continued to support oil prices.

Crude futures in New York declined on Tuesday as signs emerged that physical oil flows from the Persian Gulf were recovering. West Texas Intermediate for November delivery settled down $3.22, or 3.5%, at $89. Diplomatic uncertainty between Washington and Tehran continued to provide support for prices, limiting the pullback.

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