Energy and oilUpdated November 6

Brent nears $100 again as near-term contracts face steep weekly loss

Brent approached $100 again on Nov. 6, while near-term contracts remained on track for their largest weekly loss since April 2020, Asharq Business with Bloomberg reported. Its Nov. 5 analysis described a market bet that the US election outcome could hasten a search for an exit from the war, while noting an analyst’s caution against excessive optimism. That expectation does not establish a policy shift or that hostilities have ended.

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Coverage started November 6