Macro Finance
Oil prices drop below $100 as midterms fuel hope for an end to the Iran war
NBC Business·November 4, 2026·1 min read
Oil prices dropped below $100 a barrel as midterm election results fueled hope for an end to the Iran war. Crude had traded as high as $118 a barrel Friday. Diesel futures also tumbled to their lowest point since August, reflecting market optimism about a potential de-escalation in the conflict.
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