Brent drops to $95 a barrel after US election By Thursday morning, Brent January futures were up 0.6% on Wednesday at $95.18 a barrel; they had fallen to $93 in midday trading. Yesterday, the standard immediately collapsed from $101 to $94 (-8%) after the announcement of the US congressional election results. WTI for December delivery fell 0.3% to $87.89 a barrel. In the short term, the Republican loss in the US midterm elections gave the oil market some hope for a quick end to the conflict in the Persian Gulf and the opening of the Strait of Hormuz, the main route for Middle Eastern exports. At the same time, despite the ongoing attacks in Hormuz, oil exports from the Middle East are renewed. According to J. According to Morgan, there is again an oversupply of oil in the market (in September - 1.1 million barrels, in October - already 1.4 million barrels, while the average for last year was 1.3 million barrels per day). Oil and capital we are in Max.

Brent drops to $95 a barrel after US election By Thursday morning, Brent January futures were up 0.6% on Wednesday at $95.18 a barrel; they had fallen to $93 in midday trading. Yesterday, the standard immediately collapsed from $101 to $94 (-8%) after the announcement of the US congressional election results. WTI for December delivery fell 0.3% to $87.89 a barrel. In the short term, the Republican loss in the US midterm elections gave the oil market some hope for a quick end to the conflict in the Persian Gulf and the opening of the Strait of Hormuz, the main route for Middle Eastern exports. At the same time, despite the ongoing attacks in Hormuz, oil exports from the Middle East are renewed. According to J. According to Morgan, there is again an oversupply of oil in the market (in September - 1.1 million barrels, in October - already 1.4 million barrels, while the average for last year was 1.3 million barrels per day). Oil and capital we are in Max.