Oil Prices Head for 12% Weekly Loss Despite Fresh Tanker Attacks
6 Articles
6 Articles
Oil is losing 12% a week with the prospect of calming the war on Iran following the victory of the Democrats in Congress, despite rising prices for the second day by supporting supply concerns and escalating attacks on carriers in the Gulf and the Strait of Hormuz.
Oil Prices Head for 12% Weekly Loss Despite Fresh Tanker Attacks
Crude oil prices were on course for a sharp weekly drop, with both Brent crude and WTI shedding 12% since Monday, following the results of the U.S. midterm elections, which gave rise to hopes that the war in the Middle East could be brought to a swift end. At the time of writing, Brent crude was trading at $99.42 per barrel, and West Texas Intermediate was trading at $91.242 per barrel, both up from Thursday’s close on reports of fresh tanker at…
Oil prices rose for the second consecutive day, Friday, 6 November 2026, backed by renewed concerns about energy supplies in the Middle East,... the post-bont approach $100 despite the oil trend of a weekly loss of about 12% appeared first on Libya's eye.
However, the expected weekly closing price will still be significantly lower than last week.
Fears about oil supply remain.
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