Global oil prices fell significantly following the projected Democratic sweep of both the U.S. House and Senate in the midterm elections. In highly volatile trading following the election results, global benchmark Brent crude fell to roughly $99.07 to $101.65 a barrel, while U.S. West Texas Intermediate (WTI) futures dropped to around $92.02 to $94.33 a barrel, pushing both metrics closer to the $90 threshold.