Oil Price Today (October 9): Crude oil dips 1% to $103 as Trump rules out Iran attack before midterm elections. What are analysts saying?

Brent crude fell 1% to $103, while West Texas Intermediate was down 0.75% to $90.5. Analysts attribute the dip to President Trump ruling out an Iran attack before midterm elections.

Both contracts rose significantly in the previous session, with Brent hitting its highest level since late September.