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For the first time since August, Brent crude oil fell below $90 on the 10th. The main reason was that Trump signaled that he was no longer eager to attack Iran, and market expectations of a cooling off of the war in the Middle East after the midterm elections increased.
brent originoil price For the first time since August, the price fell below $90 on the 10th. US President Trump has been saying in recent days that there is no need for thisiran The launch of further attacks helped oil prices extend their losses so far this month.
Since the end of the US midterm elections, due to the defeat of the Republican Party, market expectations for an end to the war in the Middle East have increased, and oil prices have also weakened.
On the 10th, Brent fell 3.14% to US$89.66 per barrel.texas It also fell 3.1% to $84.16 per barrel.
Summary FAQ
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Brent crude oil fell to US$89.66 per barrel on the 10th, falling below US$90 for the first time since August, which shows that oil prices have continued an obvious decline since this month.
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Trump has repeatedly said in recent days that there is no need to launch further strikes on Iran, dampening market expectations over rising tensions in the Middle East, which has eased concerns about supply disruptions and put oil prices under pressure.
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Due to the Republican defeat in the midterm elections, market expectations for a possible end to the war in the Middle East have increased, and geopolitical risk premiums have declined, causing Brent and WTI crude oil to weaken together.
