Crude Oil Nosedives as U.S. Midterm Results Ease War Concerns
Crude oil extended losses for a third session as the Democrats’ midterm victory eased concerns of renewed U.S.-Iran escalation, according to the report.
WASHINGTON (dpa-AFX) - Adding to the two previous sessions of losses, crude oil prices have gone into freefall on Wednesday, losing the geopolitical risk premium as a comfortable victory for the Democrat party in the U.S. midterm elections eased concerns of renewed U.S.-Iran escalation.WTI Crude Oi…