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[Standard Chartered Financial Management: The Democratic Party takes control of the U.S. Congress and New York oil is expected to gradually fall back to $80] On November 5th, the latest investment report from the Chief Investment Office of Standard Chartered Wealth Solutions pointed out that the Democratic Party gained control of the House of Representatives and the Senate in the U.S. midterm elections held this week. In terms of oil, as the supply chain gradually adapts to the current situation and Congress oversees defense spending, New York oil prices may gradually fall back to the 12-month target level of $80 per barrel.
Crude oil market dynamics 🕐 2026-11-05 20:40

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