Brent Crude Falls Below $100 for First Time Since October

Brent crude fell below $100 a barrel on November 4, down about 10% and for the first time since early October, Bloomberg reported. Traders bet on a Democratic sweep in US midterms, while hopes for an end to the US-Israeli war with Iran rose. Neither is confirmed yet. Lower oil eases near-term inflation pressure, which can pull mortgage rates down.