Commodity Evening Trading Guide

Oil prices fell on Friday as Middle East supply concerns eased somewhat after US President Donald Trump said the country will not attack Iran before US elections next month amid productive talks to end their war that has disrupted the market.

On Thursday, Trump said Washington was having productive discussions with Iran and said no attack was planned before the November 3 midterm congressional elections after media reports he was considering an attack before then.

Prices have been volatile this week as threats to oil shipping in the Gulf and the Strait of Hormuz, which carried shipments equal to about 20% of global oil and fuel before the war, have increased in October.

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