Oil prices edged higher amid heightened market concern over a potential escalation of tensions in Iran. West Texas Intermediate (WTI) crude rose 0.25% to $88.34, while Brent crude gained 1.16% to $95.72. Precious metals followed the trend, with gold up 1.62% at $4,125.98 and silver climbing 0.90% to $52.753. Industrial metals showed mixed movement: copper slipped 0.61% to $6.3895, aluminum edged up 0.76% to $3,093.05, and natural gas fell 1.05% to $2.928. The rally reflects investors’ focus on geopolitical risk and its potential impact on global supply chains and energy demand.


Market News · samer saeed · November 5, 2026
Oil Climbs as Traders Brace for Possible Iran Conflict
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