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Oil rebounds from two-month low as uncertainty lingers over Iran war

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The National
“Oil rebounds from two-month low as uncertainty lingers over Iran war”

Oil prices on Thursday rebounded from a steep decline, as investors continued to analyse the direction of the Iran conflict following the victory of Democrats in the US midterm elections . Brent, the benchmark for two thirds of the world's oil, was up 2.47 per cent to $96.96 a barrel at 7.11pm UAE time, having gained more than 3 per cent earlier. West Texas Intermediate, the gauge that tracks US crude, rose 2.02 per cent to $89.90 per barrel. Both retreated to their lowest levels in two months…

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