Archive · Business Recorder

Oil edges down as investors await US midterm election results

Global Published 4 November 2026, 07:44 · archived 4 Nov 2026

BEIJING: Oil prices slipped in early trade on Wednesday as investors awaited the results of the US midterm elections and their potential impact on peace talks in ​the Middle East, even after industry data showed US crude stocks unexpectedly fell ‌last week. Brent futures fell 26 cents, or 0.25%, to $103.34 a barrel by 0157 GMT. US West Texas Intermediate crude futures fell 53 cents, or 0.55%, to $95.56. In the previous session, Brent eased more than 1% ​to its lowest level in nearly four weeks as traders weighed talks to ​end the wars in Ukraine and Iran. Iran-US deal still out of reach despit...

ZAZTEK archives the headline, summary and publication date so the story stays findable. The full article remains the publisher's. Read it at Business Recorder →