Loading…
Brent rose 0.8% to $104.42 and WTI gained 0.5% to $96.59 after US crude stocks unexpectedly fell 5.27 million barrels. Democrats won control of both chambers of Congress in the November 3 midterms, adding uncertainty to US policy on Iran.
The inventory draw supports prices while the market weighs a possible shift in US Iran policy. Higher crude keeps diesel and freight costs elevated for feed supply chains.
economymiddleeast.comElias Al HelouNov 4, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
