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Oil rises on Iran war uncertainty after Trump's Republicans face election rout

SINGAPORE: Oil prices rose on Wednesday in a volatile session as investors awaited Washington’s next move in the war with Iran, with Democrats capturing control of US Congress from President Donald Trump’s Republicans in midterm elections. Brent futures rose 82 cents, or 0.8%, to $104.42 a barrel at 0510 GMT. US West Texas Intermediate crude futures gained 50 cents, or 0.5%, to $96.59, reversing earlier declines. In the previous session, Brent settled at its lowest level in nearly four weeks as

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Originally published byBusiness Recorder 1h ago · brecorder.com
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