Lates News

According to foreign media reports, oil prices are expected to fall sharply this week due to the midterm election losses of Trump's party and market expectations that the Iran war may be de-escalated, with Brent crude futures expected to fall 12% this week and WTI crude futures expected to fall 12.1% this week. However, supply concerns in the Middle East triggered by the conflict continue to provide support for oil prices. On Friday, U.S. and Brent crude futures recorded gains, and ANZ noted that traders believed Wednesday's sell-off was excessive, driving crude prices to rebound.