Global oil prices fall below $95 to a two-month low
Oil fell below $95 a barrel, its lowest level in two months.
Global oil prices plunged below $95 per barrel, hitting a two-month low after US midterm election results raised hopes of an end to the Iran war.
Why oil prices hit a two-month low
The fall took prices below $95 per barrel. It followed US midterm election results that raised hopes of an end to the Iran war. The update describes those hopes. It does not say the war has ended.
Our verdict
Global oil prices fell below $95 a barrel to a two-month low after US midterm results raised hopes of an end to the Iran war.
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Frequently asked questions
How far did prices fall?
Below $95 per barrel, a two-month low.
What was the drop linked to?
US midterm election results that raised hopes of an end to the Iran war.
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