# Oil prices hit two-month low following decisive midterm election results

> Brent fell 9% on Wednesday to its lowest level since early September, and WTI dropped 8% to about $88 a barrel. The decline followed the Democratic victory in US midterm elections, which raised expectations of an end to the Iran conflict.

- Date: 2026-11-05 · published 2026-11-05T18:07:31.097Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/82076-oil-prices-hit-two-month-low-following-decisive-midterm-election-results
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Lower crude reduces energy and fertilizer input costs for feed production and weakens the cost push behind grain and oilseed prices. The move reflects expectations of reduced Middle East supply risk.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- washingtonpost.com: https://www.washingtonpost.com/business/2026/11/05/oil-prices-hit-two-month-low-following-decisive-midterm-election-results/

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