Crude oil prices have edged lower on Friday following two sessions of gains, with the renewal of U.S.-Iran re-escalation concerns offset by the International Energy Agency’s forecast of a global crude surplus.
WTI Crude Oil for December delivery was last seen trading down by $0.08 (or 0.09%) at $88.66 per barrel.
After the U.S. midterm election results came in favor of Democrats, U.S. President Donald Trump did not reveal his plans on Iran until last Saturday.
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Market Analysis
Crude Oil Ticks Lower Amid Geopolitical Concerns, IEA Projections
2026-11-13 19:40:58
