BusinessPhoto: News18Hi BusinessCrude Oil Prices Fall Below $100 After Trump’s Midterm Loss
Following the Republican defeat in the US midterm elections, international crude oil prices dropped. Brent crude fell 4.7% to $98.76 per barrel, and WTI reached $91.73. Expectations of an end to the Iran conflict and increased Middle East oil supply pressured prices. If low prices persist, petrol and diesel in India may become cheaper, though domestic fuel costs also depend on rupee value, refining costs, and tax policies.
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