Benchmark international oil contract Brent crude fell more than four percent to under $100 per barrel on Wednesday after President Donald Trump suffered a heavy defeat in US midterm elections.
Brent crude for delivery in January slumped 4.7 percent to $98.76 per barrel around 1605 GMT, the first time it has fallen below the symbolic level of $100 per barrel since early October.
The benchmark US oil contract, WTI, tumbled 4.5 percent to $91.73.
