US stocks surge as oil plunges below $100 on Iran war hopes after Democrats' win
Crude dropped more than 8% and all three major U.S. indexes advanced as investors welcomed the election result and easing political uncertainty.
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4 Articles
Oil is a thermometer that measures the temperature of global tensions National Journal/Reproduction Oil prices operate below $100 on Thursday (5), after the commodity drops by more than 8% on the eve and reaches the lowest level in more than two months. The new level comes after the Republican Party, US President Donald Trump, loses control of Congress in mid-term elections. The movement reflects the investor's bet that the change of power can a…
Stocks surge, oil tumbles after Trump’s election rout
NEW YORK, United States — Wall Street stocks surged Wednesday as markets greeted the resolution of US midterm elections while oil prices tumbled on expectations the Democratic sweep could hasten a resolution to the US-Iran war. Democrats seized control of both houses of Congress in a victory that gives them the power to block legislation, open
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