Archive · Business Recorder
Oil falls for a fourth day on expectations for lower risk of Iran war escalation
SINGAPORE: Oil prices fell for a fourth day on Thursday on expectations the losses US President Donald Trump’s Republican Party suffered in Congressional elections this week may reduce the risk of further escalation of the US-Israeli war on Iran. Brent futures fell 97 cents, or 1.03% at $93.65 a barrel as of 0211 GMT, while US West Texas Intermediate crude futures were down $1.14, or 1.29%, to $86.98. Both benchmarks tumbled by more than 8% in the previous session to settle at their lowest since August 31. A weakened Trump, facing a Democratic Congress able to constrain his military options...
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 →