Brent crude drops below $100 a barrel after US midterms
Brent crude fell 4.7% to $98.76 a barrel, its first time under $100 since early October. The drop followed Republican losses in the US midterm elections.
Brent crude, the international oil benchmark, fell below $100 a barrel on Wednesday. The January contract dropped 4.7% to $98.76. It was the first time under $100 since early October.
The move came after heavy losses for President Donald Trump's Republican Party in the midterm elections.
WTI, the main US oil benchmark, fell 4.5% to $91.73 a barrel. The US dollar also lost ground, while Gulf stock markets gained.
Oil prices per barrel
- Brent98.76 $ a barrel
- WTI91.73 $ a barrel
Prices as stated for Wednesday.
People in this story
- Donald Trump, US President
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