The drop in price coincides with the drop in the value of the dollar against the euro and the pound.
Today the price of oil has decreased by one percent, and the price of a barrel of Brent oil and American oil now stands at $102.7 and $95 respectively.
From today, the results of the elections to the American Congress will gradually be published and speculation about Trump's future plans will affect the markets.
Oil price volatility has been more severe in recent weeks.