OIL PRICES FALL FURTHER

LONDON, NOVEMBER 10 /SRNA/ – Oil prices continued to decline today as investors remained hopeful that diplomatic talks between the United States and Iran would lead to an end to the conflict in the Middle East.

In London, the price of North Sea Brent crude fell by 1.31 per cent to 91.36 dollars per barrel.

In New York, the price of US light crude fell by 1.59 per cent to 85.47 dollars per barrel, Euronews reported.

Since the beginning of the month, both benchmarks have fallen by around 20 per cent as traders bet on a resolution to the conflict, which has fuelled inflation and prompted central banks to raise interest rates.

US President Donald Trump said yesterday that there was positive momentum towards ending the war following his meeting with Qatari Prime Minister Sheikh Mohammed bin Jassim Al Thani, who is mediating talks between Washington and Tehran.