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Oil Rebounds Toward $100 as Democrats’ Sweep Rattles Energy Stocks

Oil prices reversed their recent downtrend on Thursday, a day after Democrats swept control of both the House and Senate, creating a potential legislative check on U.S.

  • Oil prices climbed towards $100 amid Democrats' Senate and House victories
  • Brent crude increased 4.0% to $98.38 per barrel, WTI rose 2.9% to $90.65
  • Democrats' subpoena powers to investigate administration's energy dealings

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