Oil prices rebounded sharply after the Democratic Party’s successful election results, unsettling the energy sector. Brent crude rose 3.9% to approximately $98.29 per barrel, while WTI crude also increased. At the same time, the S&P 500 Energy Index fell 4.8%, highlighting significant market volatility. Investors are now watching for potential policy changes by the newly elected Congress, particularly regarding the conflict with Iran, as well as decisions by OPEC and Saudi Arabia’s energy minister.
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