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Oil prices fall over 8pc
HOUSTON: Oil prices fell more than 8 percent to settle at their lowest in more than two months on Wednesday after President Donald Trump’s Republican Party lost control of Congress in midterm elections, as investors bet that the shift in power could hasten the end of the US-Israeli war with Iran. Brent futures settled USD8.98, or 8.7 percent lower, at USD94.62 a barrel, while US West Texas Intermediate crude futures fell USD7.97, or 8.3 percent, to USD88.12. Both benchmarks closed at their lowest since Aug 31. Trump now faces a choice between a negotiated exit and a riskier escalation. A weake...
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