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Oil prices fell for a fourth consecutive session on Thursday as investors weighed the possibility that US President Donald Trump’s weakened political position following the midterm elections could reduce the chances of further escalation in the US-Israeli war against Iran. Brent crude futures declined 80 cents, or 0.85%, to $93.82 a barrel by 0426 GMT. US West Texas Intermediate (WTI) crude fell $1.20, or 1.36%, to $86.92 a barrel. Both benchmarks plunged more than 8% on Wednesday, settling at their lowest levels since August 31. The Republican Party’s losses in the congressional elections…

7 days ago · minutemirror.com.pk · You are reading this one

Arab NewsFactualityFactuality is a Premium featureLean RightLean RightBased on the outlet's overall lean; article framing check pending

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 80 cents, or ‌0.85 percent to $93.82 a barrel as of 07:26 a.m. Saudi time, while US West Texas Intermediate crude futures were down $1.2, or 1.36 percent, to $86.92. Both benchmarks tumbled by more than 8 percent in the previous sess

7 days ago · arabnews.com