Brent crude posts biggest weekly drop since 2020 after US elections

Brent crude fell about 17% during the week of the US congressional elections—from $117.64 to around $97.70 per barrel—marking its largest weekly decline since spring 2020. Investors removed the risk premium for Middle East conflict after Democrats' victory, expecting faster resolution of war with Iran. Poland's maximum Pb95 price will be 6.12 PLN per liter starting Saturday.