Oil prices fell sharply on Wednesday, putting them on track for their largest weekly decline since 2020. Investors are weighing the possibility that a Democratic sweep in the U.S. midterm elections could bring a quicker end to the war between the United States, Israel and Iran. Democrats won control of both the House of Representatives and the Senate and are expected to challenge Republican President Donald Trump’s handling of the conflict. U.S. benchmark stock indexes rallied on Wednesday.
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