Global EconomyEconomic Times•1 min read•10/9/2026 (2h ago)

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

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

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,...

Key Takeaways

  • 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.

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.

Original Publisher Attribution

This summary was curated from Economic Times.

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Oil Price Today (October 9): Crude oil dips 1% to $103 as Trump rules out Iran attack before midterm elections. What are analysts saying? — Loop60