Crude oil prices have turned lower on Tuesday, adding to yesterday’s nosedive amid rising expectations on a possible settlement between the U.S. and Iran. The optimism overshadowed fears of a re-escalation due to U.S. attacks on Qeshm Island, which limited the decline.
WTI Crude Oil for December delivery was last seen trading down by $0.52 (or 0.54%) at $95.94 per barrel.
In an interview with NBC News, U.S. President Donald Trump replied in the negative when asked if he was considering striking Iran after the midterm elections.
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Market Analysis
Crude Oil Dips Amid Increasing Hopes For U.S.-Iran Truce
2026-11-03 19:35:59
