AI Summary

Oil prices reversed a four‑session decline on Thursday, with Brent crude rising 4.0% to $98.38 per barrel and WTI up 2.9% to $90.65. The rebound followed Democrats winning control of both the House and Senate, raising the prospect of legislative checks on President Donald Trump’s administration. U.S. natural gas held steady at $2.95 per MMBtu, while European gas rose 1.9% to €89.72 per MWh. Meanwhile, the broader U.S. market fell, and AI‑related chip stocks tied to Texas data centers slumped, led by CoreWeave down 7% and Nebius Group and Oracle each falling 4% after Democrat Gina Hinojosa’s victory over Governor Greg Abbott.

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