From The Hindu
Center-Left Owned by Kasturi & Sons Ltd.Oil prices hit two-month low after U.S. Democratic win
What's behind this
Crude oil prices fell after US midterm results raised hopes of ending the West Asia war, with Brent and WTI futures weakening alongside domestic contracts and reports of recovering Persian Gulf exports boosting the supply outlook. Brent crude futures dived nearly 9% overnight, slipping below $100 a barrel and down about 20% for the week. The price drop coincided with a rally in Indian equities, as the Sensex rose over 1,600 points and the Nifty climbed roughly 417 points. Fuel price listings for Delhi, Mumbai and Bengaluru were also highlighted.
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left · 1 outlet
Brent crude futures dropped 1% to $93.5 per barrel, after an 8.7% slide in the previous session
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center · 1 outlet
Oil prices experienced a notable downturn, with Brent crude slipping below $95 and WTI declining beneath $90. This trend follows substantial losses from earlier sessions, influenced by the political shifts stemming from the US midterm elections. The election results could reshape President Donald…
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Brent crude futures dropped 1% to $93.5 per barrel, after an 8.7% slide in the previous session
