XLE is trading at $64.54, down 3.55%, as falling crude prices weighed on energy shares. - Brent and WTI were both reported lower during the session, though prices were volatile. - Investors weighed the Democrats’ congressional sweep and its potential implications for U.S. policy toward Iran. Hopes for diplomacy and potentially recovering Middle East oil shipments raised expectations of improved supply. - The broader U.S. market was sharply higher, making a general-market selloff a less likely explanation.