Crude oil prices fell further from their lowest closing level since August, after US President Donald Trump said there was no need to further attack Iran. Brent crude oil plummeted nearly 6% on Monday, then fell further below $92 per barrel; WTI crude fell below $86 per barrel. After the US midterm elections, the market's hopes for an early end to the war against Iraq heated up. Democrats in the US Congress are considering whether to use the December 11 government shutdown period to pressure Trump to end the conflict, which has entered its ninth month. Trump said that the US is still in a state of “strict waiting,” while hinting that he wants to gradually end the conflict. The midterm election results underscored the unpopularity of this war. “Militarily speaking, Iran is actually finished.” He told reporters after meeting with Qatari Prime Minister Sheikh Mohammed bin Abdulrahman Al-Thani at the White House on Monday. Qatar is a mediator in negotiations between the US and Iran. As of press release, Brent crude futures for January settlement fell 1.2% to $91.42 a barrel; WTI crude futures for December delivery fell 1.2% to $85.82 a barrel.

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