4 Hrs
تونزي تيليغراف
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تونزي تيليغراف

2026-11-07T12:19:41.000Z

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تونزي تيليغراف

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Oil's worst weekly loss

Oil's worst weekly loss

Oil futures posted a weekly loss of around 13.2%, their steepest since 2022, amid hopes of a deal to end the U.S.-Israeli war on Iran and mounting political pressure on the Donald Trump administration after Republicans lost the midterm elections. Brent crude settled near $98 a barrel, while the resumption of Saudi and Emirati exports and concerns about an oversupply added to selling pressure, despite ongoing shipping disruptions and attacks in the Gulf. Prices swung by around $19 a barrel during the week as markets awaited the outcome of U.S.-Iran negotiations and the outlook for supplies through the Strait of Hormuz.

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