Brent crude for January delivery dropped 4.7% to $98.76 a barrel, its first close below $100 since early October, as markets weighed a possible end to the Iran war after Democrats won control of Congress. US benchmark WTI fell 4.5% to $91.73. Trump said the US has no immediate plans to strike Iran, though Tehran said the two sides remain far from a deal.
Brent crude falls below $100 on Iran peace hopes
Source: Moneycontrol