CNBC(@CNBC):Oil prices rose Friday as investors weighed the risk of renewed military escalation between the U.S. and Iran following the midterm elections, alongside prospects for a diplomatic breakthrough. Brent crude futures climbed 1.67% to $99.90 per barrel, while WTI futures gained 1.43% to $91.69 per barrel. The moves came as investors assessed whether the conclusion of the U.S. midterm elections could pave the way for renewed actions against Iran, further threatening oil supplies from the Middle East:

2026.11.06 07:00

Oil prices rose Friday as investors weighed the risk of renewed military escalation between the U.S. and Iran following the midterm elections, alongside prospects for a diplomatic breakthrough. Brent crude futures climbed 1.67% to $99.90 per barrel, while WTI futures gained 1.43% to $91.69 per barrel. The moves came as investors assessed whether the conclusion of the U.S. midterm elections could pave the way for renewed actions against Iran, further threatening oil supplies from the Middle East: