COMMODITY
Crude oil futures end higher amid renewed US-Iran tensions
Nov-07-2026

Crude oil futures closed higher on Friday as investors weighed the risk of renewed military escalation between the US and Iran against the prospects of a diplomatic breakthrough. However, traders appeared overlooked the positive reports suggesting that Qatar is accelerating efforts to pave the way for a US-Iran peace process.

Benchmark crude oil futures for December delivery gained by $0.31 or 0.34% to settle at $90.83 a barrel on the New York Mercantile Exchange. Brent crude for January delivery increased by $0.03 or 0.03% to settle at $98.32 a barrel on the New York Mercantile Exchange.

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