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Oil Falls to US$93 as Markets Weigh US Midterm Results
Bisnis | Ekonomi - Posted on 06 November 2026 Reading time 5 minutes
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Oil prices weakened on Thursday as the US midterm election outcome shifted market expectations about policy direction and geopolitical risk. CNN Indonesia reported on November 5 that Brent fell 1.03% to US$93.65 a barrel, while West Texas Intermediate (WTI) declined 1.29% to US$86.98 at 9:11 a.m. WIB.
The report linked the move to hopes that geopolitical tensions could ease after the Republican Party lost in the midterms. That connection reflects an explanation cited from market participants; prices are still shaped by many factors, including supply, demand, producer decisions, and conflict developments.
Oil matters to Indonesia through energy import costs, transport expenses, and potential pressure on inflation and public finances. A single-session drop, however, is not enough to establish a long-term trend or a definite effect on domestic fuel prices. Readers should distinguish a daily move in global benchmarks from local pricing policy.
Source: CNN Indonesia, November 5, 2026. Prices are the reported readings at that time, not a forecast.
Source: https://www.cnnindonesia.com/ekonomi/20261105102439-85-1423552/harga-minyak-turun-ke-us-93-usai-partai-republik-kalah-pemilu-sela-as
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