https://www.live-feeds.com/feed/oil-tumbles-below-100-on-post-election-peace-hopesContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/oil-tumbles-below-100-on-post-election-peace-hopeshttps://www.live-feeds.com/feed/oil-tumbles-below-100-on-post-election-peace-hopes#u184079Sat, 07 Nov 2026 12:25:12 +0000Crude prices dropped sharply, falling below $100 per barrel following the US midterm elections. The decline followed a Democratic sweep that rewrote the playbook for the US-Iran war and fueled market hopes for post-election peace. Prices steadied after plunging roughly 8 percent due to expectations of an end to the conflict and recovering Gulf oil supplies. Meanwhile, US stocks rebounded as chipmakers recovered from previous losses and investors weighed October jobs data that fueled bets on a December Federal Reserve rate hike.Why it mattersThe sharp drop in energy markets reflects how closely