Oil Price Today (October 9): Crude oil dips 1% to $103 as Trump rules out Iran attack before midterm elections. What are analysts saying?

Brent crude prices fell by about one percent to $103 a barrel, while West Texas Intermediate crude dropped roughly 0. 75 percent to $90. 5 a barrel. In the previous trading session, Brent crude futures had risen 4. 1 percent to $104. 28 a barrel, and West Texas Intermediate crude had increased 3. 6 percent to $91. 49 a barrel. Both contracts had risen more than $5 a barrel at one point, with Brent reaching its highest level since September 29.

Brent crude fell 1% to $103, while West Tax Intermediate was down 0.75% to $90.5. In the previous session, Brent crude futures settled $4.08, or 4.1%, higher at $104.28 a barrel, while US West Texas Intermediate crude gained $3.21, or 3.6%, to close at $91.49. Both contracts rose more than $5 a barrel at one point, with Brent hitting its highest level since September 29.

Summarised by Agaah from ET Markets. Agaah aggregates 36 sources and removes duplicate coverage — all news, one place.