Brent falls under $100 a barrel

Oil prices fell by more than 4% in Wednesday’s trading, with Brent crude dropping below $100 a barrel for the first time since early October, following the major defeat suffered by US President Donald Trump in the congressional midterm elections. January Brent futures fell 4.7% to $98.76 a barrel by 16:05 GMT, while West Texas Intermediate crude futures declined 4.5% to $91.73.

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