Expert Analysis: Oil prices fell in Asian trade on Tuesday due to profit-taking after reaching one-month highs. Concerns over supply disruptions in the U.S. from Hurricane Milton also impacted prices. However, gains were limited by a strong dollar and expectations of smaller U.S. interest rate cuts. The ongoing conflict in the Middle East between Israel, Hezbollah, and Iran continues to create uncertainty in oil markets. Additionally, Hurricane Milton’s potential impact on U.S. oil production is being monitored.

Shares: