Oil prices plunge 9% as investors bet on regime change
USO•Oil prices fell 9% on Wednesday, extending a $22 slide this week and bringing Brent to around $96 a barrel, its lowest level in two months. Investors appear to expect the US midterm election results to accelerate efforts to end the Iran war.
1. Oil slide extends
Oil prices plunged 9% on Wednesday, capping a $22 decline so far this week and pushing Brent to around $96 a barrel, its lowest level in two months. Investors appear to have concluded that the Democratic victory in the US midterm elections will accelerate efforts to end the Iran war. The conflict has lasted 250 days, and the article says ending it may be difficult, with years of political and economic instability possible even if fighting subsides.
