Crude Oil: [Chempricehub] November 5: The outlook for US-Iran relations remains uncertain, with the possibility of renewed conflict still present, thereby increasing supply risks and driving up international crude oil prices. NYMEX December crude oil futures closed at $90.52 per barrel, up $2.40 (or +2.72%) from the previous session; ICE Brent January futures settled at $98.29 per barrel, rising $3.67 (or +3.88%). On China’s INE exchange, December 2026 crude oil futures fell by 37.8 yuan to 638.4 yuan per barrel during the day session, but gained 1.40 yuan in the night session to close at 639.8 yuan per barrel.
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