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Oil Prices Continue to Fall as Democratic Sweep Shakes Energy Markets
- Crude oil prices moved even lower, and energy company stocks followed after the results of the U.S. midterms, as markets brace for a potentially radical change in U.S. policies.
- At the time of writing, Brent crude was trading at $94.30 per barrel, after dropping by 9% on Wednesday, and West Texas Intermediate was trading at $87.35 per barrel, after shedding 8% on Wednesday, following the Democrats’ majority in both houses.
- The S&P Energy index was down by 4.77% as of the time of writing, to 976.18, on expectations of a shift in U.S. foreign…
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