[MARKET ANALYSIS] Oil prices and copper declined as risk assets are hit on increased prospects of a Democrat sweep
Newsquawk Staff ·
WTI/Brent: WTI Dec'26 -0.7% / Brent Jan'27 -0.4%
- Oil prices are on the backfoot with downside seen after FT reported that US President Trump said that they have no immediate plan to strike Iran and stated they are locked and loaded if they need to go, but added there may be no reason for it, while the downside also coincided with strong early results from the Democrats in the Midterm Elections.
Gold: +0.2%
- Saw a haven bid amid a weaker dollar and the risk-off tone, but is well off today's best levels.
Copper: -1.0%
- Declined as risk assets were pressured on increased prospects of a Democrat sweep.
- [MARKET ANALYSIS] Oil prices remain pressured after slumping yesterday on US-Iran optimism
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- Newsquawk Daily Asia-Pac Opening News - 10th November 2026
- Newsquawk US Market Wrap - Stocks rally as rebound continues while crude drops on US/Iran optimism
- CRUDE WRAP: WTI (Z6) SETTLES USD 3.98 LOWER AT 86.85/BBL; BRENT (F7) SETTLES USD 5.75 LOWER AT 92.57/BBL
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