Oil prices hit two-month low following decisive midterm election results

The Washington Post · Victoria Craw · 2026-11-05 15:15 UTC

Stock markets in the U.S., Asia and Europe also surged following the midterm results, amid expectations of Democratic resistance to an escalation in fighting.

Oil prices hit $94 a barrel early Thursday, the lowest level in two months, amid expectations that Democratic control of Congress will lead to a renewed push to end the Iran war.

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