Oil dropped in Asian trading — after jumping the most in a month on Wednesday — as expectations for a big dollop of U.S. fiscal stimulus receded following a closer-than-expected and still undecided election. Futures in New York fell below $39 a barrel after rising 4% Wednesday. Joe Biden seemed to be on the brink of a narrow victory, although counting was still going in several states. It looked less likely that Democrats would win the Senate, however, making it difficult for them to deliver on a promised $2 trillion spending package to revive the virus-battered economy. Recounts and legal challenges could also lead to a prolonged period of uncertainty. A nearly 8-million-barrel drop in U.S crude inventories added to the bullish momentum on […]