Increased crude oil exports from the Middle East, along with President Trump's comment that he has no immediate plans to strike Iran, continue to pressure crude oil prices at present. Also, Democratic control of Congress could lead to restrictions on US military spending in the Middle East and increase the likelihood of reaching an agreement to end the war soon
Oil prices plunged about 9% on Wednesday as investors awaited Washington's next move in the war with Iran after President Donald Trump's Republican Party lost control of Congress i…