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Oil Prices Continue to Fall as Democratic Sweep Shakes Energy Markets
Crude oil prices moved even lower, and energy company stocks followed after the results of the U.S. midterms, as markets brace for a potentially radical change in U.S. policies. At the time of writing, Brent crude was trading at $94.30 per barrel, after dropping by 9% on Wednesday, and West Texas Intermediate was trading at $87.35 per barrel, after shedding 8% on Wednesday, following the Democrats’ majority in both houses. The S&P Energy index was down by 4.77% as of the time of writing, to 976.18, on expectations of a shift in U.S. foreign…