Oil prices fell in choppy trade on Friday and were on track for a steep weekly loss on hopes of de-escalation in the U.S.-Iran conflict and a possible reopening of the Strait of Hormuz.
Brent crude futures dropped 1.3 percent to around $97 a barrel and were on track for a weekly loss of about 14 percent, following the results of the U.S. midterm elections.
With Democrats securing a decisive victory and potentially limiting President Trump’s support for the war against Iran, investors are pinning hopes that the conflict in the Middle East will not escalate.
Subscribe to continue reading the article.
This article is available exclusively to RTT Biotech Investor and Intelligent Investor subscribers. Subscribe with a RTTNews subscription.
Start Free Trial
FREE 7-Day Trial – No Payment Required
Oil Prices Decline In Choppy Trade
2026-11-06 09:48:51
