Oil settles near $104 as Trump touts 'productive' talks with Iran
Brent settled at $103.89, down 0.4%, after yo-yoing overnight — with Trump saying he won't order new strikes on Iran before the Nov. 3 midterms.
Summarized from Transport Topics.
Oil prices settled after a volatile stretch as President Donald Trump said his team is having "productive discussions" with Iran, according to Transport Topics on Oct. 9.
Brent crude bounced between $102.50 and $104 several times overnight and in the morning before settling at $103.89, down 0.4%.
Trump said in a social media post on Oct. 8 that his team has been "having productive discussions with the Islamic Republic of Iran," and indicated he will not order a resumption of military strikes before the Nov. 3 midterm elections.
The University of Michigan reported Oct. 9 that U.S. consumers expect inflation of 4.7% over the coming year, up from 4.6% a month ago and 3.4% in February, before the war with Iran began.
Sources
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