Brent falls to a new session low on headline out of Pakistan

A news headline a minute or two ago from Al Arabiya has sent oil prices sharply lower. This headlines states that the Pakistani Army chief did carry an offer to Iran to halt the US siege and lift sanctions under the current MOU. The reaction in Brent has seen it shed around $1 immediately as this news broke across the screens. 

Brent for November delivery has just now traded as low as $89.20 and that has sent the dollar immediately lower too, The USD/JPY has stepped back a bit and the EUR/USD has nudged a little higher, but we are talking baby steps here folks. Brent for November delivery is right now at $89.55
 

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