Brent oil price benchmark set for biggest weekly drop since 2020

Yahoo Finance · By Shadia Nasralla · 2026-11-06 11:44 UTC

By Shadia Nasralla LONDON, Nov 6 (Reuters) - Oil prices were set for a sharp weekly fall after the election losses of US President Donald Trump's Republican...

By Shadia Nasralla

LONDON, Nov 6 (Reuters) - Oil prices were set for a sharp weekly fall after the election losses of US President Donald Trump's Republican Party raised hopes of a de-escalation in the US-Israeli war on Iran and a stock market sell-off, though attacks on vessels in the Middle East continue to provide a floor to crude.

In a whiplash see-saw session on Friday, Brent crude futures for January were up 31 cents, or 0.3%, to $98.60 a barrel by 1129 GMT. US West Texas Intermediate futures edged up by 48 cents, or 0.5%, to $91.00.

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