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The Democratic victory in the congressional elections caused the oil market to fall by 24%.

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IF News · Markets · · Source

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The Democratic victory in the congressional elections caused the oil market to fall by 24%.

The Democratic victory in the congressional elections caused the oil market to fall by 24%.

According to the ICE exchange, on November 10 the price of the closest contract for the supply of Brent oil fell to $89.26 per barrel, the minimum value since August 31.

As Kommersant points out, the market includes in the prices the possible completion of the American military operation in the Middle East. The Democrats will not allow the Trump administration to continue it in its current form.

Experts point out that even after the drop in oil prices, their level remains favorable for the currency and the Russian budget. At the same time, no further drop in price offers is expected.

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