Oil prices fall sharply weekly despite Middle East supply concerns
Summary of 2 reports
Oil prices are set for a sharp weekly decline following expectations of de-escalation in the Iran war after US election losses for President Trump's party. However, ongoing Middle East supply concerns from the conflict continue to provide support limiting further declines, with Brent crude January futures rising $1.57 to $99.86 per barrel.
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Oil set for sharp weekly drop but Middle East supply concerns provide floor (opens CNA in a new tab)
Oil set for sharp weekly drop but Middle East supply concerns provide floor (opens Business Recorder in a new tab)
BEIJING: Oil prices are set for a sharp weekly drop on expectations of a de-escalation of the Iran war after US President Donald Trump’s party suffered election losses, but Middle East supply concerns from the conflict continue to provide a floor for the…
