Oil on pace for sharp weekly drop amid post-midterms hopes for Iran war detente

Oil prices were on pace for sharp weekly declines on Friday, as investors assessed the implications of Democrats' midterm election victory on hopes for de-escalation to the U.S.-Israel war with Iran. In choppy trading, Brent crude futures contract — the global benchmark — was last down by 1.3% at $97.06 a barrel, while U.S. West ...