Brent crude falls below $100 for first time since October

Brent crude fell below $100 per barrel on Wednesday for the first time since early October.

The benchmark international oil contract for January delivery was down 4.7 percent at $98.76 per barrel around 1605 GMT. The US benchmark, WTI, fell 4.5 percent to $91.73.

The drop came after US President Donald Trump suffered a heavy defeat in midterm elections.