Oil drops further as Trump eases Middle East conflict fears

Crude oil benchmarks extended their decline on Tuesday, 10 November, after US President Donald Trump indicated he had no immediate plans to escalate military operations against Iran, tempering weeks of anxiety over Middle East supply disruptions.

By 07:59 GMT, Brent crude futures had slipped by 1.7% to $90.99 per barrel, reported Reuters.

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Meanwhile, US West Texas Intermediate (WTI) futures declined by 1.8% to $85.20 per barrel.

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