Oil futures started to rise after the latest selloff: WTI rose 0.7% to $91.17 a barrel, Brent rose 0.8% to $99.06. According to the Wall Street Journal, market participants are overestimating the initial reaction to the results of the midterm elections in the United States. Earlier, hopes of a de-escalation in the Middle East after the vote triggered a sharp drop in prices, but ongoing tensions in the region and risks to exports in the Red Sea supported the price recovery.