Oil Prices Dip as Hurricane Beryl Causes Minimal Damage to US Infrastructure

Concerns ease over supply disruptions while Middle East ceasefire talks progress.

Hurricane Beryl made landfall in Texas but weakened, causing limited damage to oil infrastructure.
Major ports and refineries are resuming operations after temporary closures.
Oil prices have fallen for three consecutive days amid easing supply concerns.
Middle East ceasefire negotiations are ongoing, potentially stabilizing global crude supply.
Traders are also anticipating key US economic data and Federal Reserve announcements.