Crude Oil: [Chempricehub] November 4: With the Democratic Party winning the U.S. midterm elections, market expectations suggest that tensions between the United States and Iran will ease, leading to reduced concerns over supply risks and a decline in international crude oil prices. NYMEX December crude oil futures closed at $88.12 per barrel, down $7.97 or 8.29% on a day-over-day basis; ICE Brent January futures settled at $94.62 per barrel, down $8.98 or 8.67%. China's INE December crude oil futures fell by 18.7 yuan to 676.2 yuan per barrel, while night session trading dropped by 47.8 yuan to 628.4 yuan per barrel.
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