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Lead story Commodities Oil Prices Drop 12% Weekly Despite Tanker Attacks in Strait of Hormuz Crude oil prices were set for a 12% weekly loss, with Brent crude at $99.42 and WTI at $91.242 per barrel, despite fresh tanker attacks in the Strait of Hormuz. The drop followed the U.S. midterm elections, which raised hopes for a quicker end to the Middle East conflict. Analysts noted that without further escalation, oil prices might gradually decline, but risks remain high. Reports of five vessel incidents in the Persian Gulf since Sunday added to the uncertainty. Experts warned that the conflict could persist regardless of the election results, keeping oil prices volatile. Sentiment -3 Clout 78 Speculation 4 Oil

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