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OPEC

The Organization of the Petroleum Exporting Countries, which works with allies such as Russia to manage oil supply and prices.

Energy

Election results spark oil price concerns, analyst sees energy cool-down

Investment strategist Joe Terranova stated on CNBC’s Halftime Report Wednesday that the Democratic victory in the midterm elections signals a potential shift in inflation trends, particularly impacting the energy sector. He suggested the “fever has broken” in the energy trade and expressed surprise at the prospect of oil prices returning to $100 a barrel.

· TheBizNews desk 2 min read