Oil Futures Recover Following Three-Day Selloff Amid U.S.-Iran Diplomatic Speculation
Crude oil futures rebounded on Thursday, halting a three-session losing streak. The price recovery comes as market participants reassess the geopolitical landscape following recent midterm election results, which may influence President Trump's approach to diplomatic negotiations regarding Iran. Traders are weighing the potential for a renewed U.S.-Iran deal against previous supply concerns. This shift in sentiment has provided much-needed support to oil prices after significant volatility driven by shifting political expectations in Washington.