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Energy · London, United Kingdom ·

Oil falls over 7% on Iran diplomacy hopes

Reported by 5 outlets · first reported Nov 2, 11:36 AM ET

Brent fell more than 6% on Monday to $105.55 at one point. Oil hit a two-week low. Trump said prices would fall more if a deal comes.

Why it matters

Lower oil prices ease fuel costs for drivers and airlines.

Background

Prices rose after the Iran war cut Gulf shipping.

The story so far

  1. Oil falls over 7% on Iran diplomacy hopes
  2. Brent crude falls below $100 on US-Iran deal hopes
  3. Oil falls for the week on hopes of US-Iran deal

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Sources

This summary was written automatically from the reporting linked above; follow the sources for the full story. How One Turn works.

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