Shares of integrated oil and gas companies are trading lower amid declining energy prices following midterm election results that saw Democrats win control of both chambers of Congress. Also, the lack of immediate U.S. strikes on Iran following the midterms is easing fears of further military escalation, potentially removing some geopolitical risk premiums from oil prices.

Shares of integrated oil and gas companies are trading lower amid declining energy prices following midterm election results that saw Democrats win control of both chambers of Congress. Also, the lack of immediate U.S. strikes on Iran following the midterms is easing fears of further military escalation, potentially removing some geopolitical risk premiums from oil prices.