(Updates)
** S&P 500 Energy Sector declines 3%, with oil prices falling 2.5%
** Democrats capture control of the US Congress from President Donald Trump’s Republicans in the midterm elections, denting the risk premium for a further escalation of the ongoing war with Iran
** Brent futures down 2.54% at $100.97/bbl, while US West Texas Intermediate crude futures decline 2.57% to $93.62/bbl
** “What is clear is that a large risk premium for the moment has left oil prices as Trump stood down from his threats of immediate strikes on Iran post the US midterm elections” — Bjarne Schieldrop, chief analyst commodities with SEB Research
** Oil major ExxonMobil down 2.9%, while Chevron slips about 2.6%
** Williams Companies, Marathon Petroleum and Texas Pacific Land among top pct decliners on energy index
** Oil and gas producers Diamondback Energy, ConocoPhillips Occidental Petroleum, EOG Resources and Devon Energy fall between 1.2% and 3.3%
** Oilfield energy services companies Baker Hughes, SLB and Halliburton down between 3% and 4%
(Reporting by Arunima Kumar in Bengaluru)