New Delhi, Nov. 4 -- Voting in the midterm elections in the US has concluded, and the results have started trickling in. Early trends are in line with the exit poll projections, which overwhelmingly predicted a blue wave in the US. If the trend continues, US President Donald Trump will have his wings clipped for the last two years of his second term.

As the midterm election results continue to come in, it has triggered immediate volatility in crude oil markets, with West Texas Intermediate (WTI) trading around $95 per barrel and international benchmark Brent holding above $106 per barrel. The final results, if it doesn't go in favour of Trump and the Republican Party will play a major role in dictating global oil prices in the coming day...