📌 Key Highlights & Quick Takeaways:
- Crude oil prices fell by 4.7 percent in the global market and Brent crude fell below $100 per barrel for the first time since early October.
- Brent crude oil futures fell 4.7 percent to $98.76 a barrel on Wednesday, according to the World News Agency. This value was recorded around.
- Similarly, the price of West Texas Intermediate (WTI), the world standard crude oil, also fell by 4.5% and settled at $91.73 per barrel.
Crude oil prices fell by 4.7 percent in the global market and Brent crude fell below $100 per barrel for the first time since early October.
Brent crude oil futures fell 4.7 percent to $98.76 a barrel on Wednesday, according to the World News Agency. This value was recorded around 1605 GMT.
Similarly, the price of West Texas Intermediate (WTI), the world standard crude oil, also fell by 4.5% and settled at $91.73 per barrel.
This significant drop in oil prices is being linked to the heavy defeat of President Donald Trump's party, the Republicans, in the US mid-term elections.
