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Oil prices hit two-month lows
NEW YORK: Oil prices slid about 2 percent to fresh two-month lows on Tuesday after US officials downplayed the need for additional military action against Iran, easing fears of additional Middle East supply disruptions. Brent futures fell USD1.93, or 2.1 percent, to USD90.64 a barrel at 10:28 a.m. ET (1528 GMT), while US West Texas Intermediate (WTI) crude fell USD1.44, or 1.7, to USD85.41. That put both crude benchmarks on track for their lowest closes since August 28. On Monday, both contracts closed at their lowest since August 31. US Secretary of State Marco Rubio said on Tuesday that he t...
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