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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 percent, to $104.42 a barrel at 08:10 a.m. Saudi time. US West Texas Intermediate crude futures gained 50 cents, or 0.5 percent, to $96.59, reversing earlier ​declines. In the previous session, Brent settled at its lowest

AR
Originally published byArab News 2h ago · arabnews.com
Read full report at Arab News

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