Crude crashes below $100: Brent, WTI hit over two-month lows after midterm elections

Oil prices experienced a notable downturn, with Brent crude slipping below $95 and WTI declining beneath $90. This trend follows substantial losses from earlier sessions, influenced by the political shifts stemming from the US midterm elections. The election results could reshape President Donald Trump’s stance towards the Iran conflict, opening doors for potential negotiations.