# Live: Wall Street markets soar, oil falls 8 per cent after thumping Democrats' election win - ABC News

> Brent futures fell 8.67% to $94.62 per barrel and the Dow rose about 3% after Democrats' midterm election win. The live market update also covered Australian equities, gold and copper.

- Date: 2026-11-04 · published 2026-11-05T00:10:03.657Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/80698-live-wall-street-markets-soar-oil-falls-8-per-cent-after-thumping-democrats
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Lower oil prices after the election reduce energy and diesel costs for feed milling and farm logistics. The move reflects market hopes for an end to the Iran conflict rather than a change in physical supply.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- abc.net.au: https://www.abc.net.au/news/2026-11-05/asx-markets-business-live-news-november-5-2026/107347286

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.