Commodities: Oil Plunges Following U.S. Midterm Elections

What happened: Oil markets sold off aggressively after the U.S. midterm elections, with ICE Brent settling sharply lower on the day. Key numbers: ICE Brent settled 8.7% lower on the day. Why it matters: The sell-off came as Middle East optimism grew following the U.S. election, according to the commodities strategists. Coverage: 4 outlets in 24h

Oil markets sold off aggressively after the U.S. midterm elections, with ICE Brent settling sharply lower on the day.

The sell-off came as Middle East optimism grew following the U.S. election, according to the commodities strategists.