Oil fell Friday after surging the previous day, as traders weighed Trump’s pledge not to attack Iran before the U.S. midterm elections against persistent shipping risks in the Persian Gulf and production shut-ins in the Gulf of Mexico.

Brent fell about 0.7% to $103.53 after Trump said Iran talks are productive and the U.S. will not attack before the Nov. 3 midterms. · 21 sources across the spectrum on IJR News.

Oil prices rose amid reports Thursday that the White House is weighing new strike options on Iran, less than a month before the November elections. Brent crude, the global benchmark, increased to

Oil prices reduced earlier gains on Thursday after U.S. President Donald Trump announced that Washington would not launch military strikes against Iran before the November 3 midterm elections, easing concerns over

PepsiCo Inc. lowered its profit outlook as the snacks and beverage company said its recovery in North America is taking longer than expected.

PepsiCo plans to raise prices on some snacks and drinks and slash corporate costs after a disappointing performance in North America during the third quarter.

Pepsi's North American business continues to lag behind its international markets.

PepsiCo warned on Thursday that growth and margin recovery in its key North American market was taking longer than planned and said it would pursue additional cost cuts to offset sluggish demand for its snacks and beverages.