Context
At the same time, the contract for Brent crude oil this week may decrease by 12% — after the December contract expired on October 30, while WTI crude oil should fall by 12.1%.
On Wednesday, after a landslide Democratic election victory, oil prices fell 8% to their lowest level in two months.
What's next
Earlier this week, oil contracts fell sharply amid expectations that Tuesday's U.S. midterm elections could lead to a de-escalation of the U.S.-Israeli war against Iran, now in its ninth month.
As Ukrinform reported, on Thursday, oil prices fell for the fourth day in a row amid expectations that the losses of the Republican Party of US President Donald Trump in the congressional elections this week may reduce the risk of further escalation of the US-Israeli war against Iran.
