Oil Falls in Asian Trade After Overnight Decline of Over 8%
Oil prices continued lower in early Asian trade after falling over 8% overnight. The report linked the decline to rising hopes of an end to the Middle East conflict after Democrats swept the U.S. midterm elections; ANZ analysts said the market reaction was unwarranted.
Oil prices continue to fall in early Asian trade after declining over 8% overnight on rising hopes for an end to the Middle East conflict following the Democrats' sweep in the U.S. midterm elections. Still, ANZ analysts think the market reaction is unwarranted as there are risks of escalation in th…