Oil fell below $100 a barrel and stocks rallied as markets bet gridlock will calm Washington after Democrats’ midterm wins, Reuters reports. Brent dived nearly 9% overnight; the S&P 500 closed 1.6% higher, while chip stocks fell sharply in Asia. Full story: https://zarknews.com/markets-oil-below-100-gridlock-rally-chip-stocks-fall/ #Markets #Oil #ZarkNews
Full story: https://zarknews.com/markets-oil-below-100-gridlock-rally-chip-stocks-fall/
The market reaction was driven by two hopes that arrived together. The first was gridlock. With Democrats taking Congress, investors bet that Washington will struggle to pass big new spending or tax changes, which tends to calm bond and currency markets. The second was cheaper energy. Brent crude fell nearly 9 percent overnight and dropped below 100 dollars a barrel, a fall of about 20 percent for the week. Reuters reported that traders linked the oil move to hopes that the election result raises the chance of an end to the war with Iran and to calmer trade talks.
Sources: Reuters via Zark News – Nov 5, 2026
