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Oil prices tumbled on Wednesday following Donald Trump’s victory in the US presidential election, but one report indicated such a fall was expected no matter what the election result. The Republican candidate fended off Democratic challenger Hillary Clinton in the early hours of Wednesday, clinching key battleground states as his party also seized control of Congress and the Senate. US WTI futures were down 4% to $43.07 per barrel following the result, with Brent futures down 1.37% at $45.41, Reuters reported in the immediate aftermath of Trump claiming victory...Read more>
Oil prices tumbled on Wednesday following Donald Trump’s victory in the US presidential election, but one report indicated such a fall was expected no matter what the election result. The Republican candidate fended off Democratic challenger Hillary Clinton in the early hours of Wednesday, clinching key battleground states as his party also seized control of Congress and the Senate. US WTI futures were down 4% to $43.07 per barrel following the result, with Brent futures down 1.37% at $45.41, Reuters reported in the immediate aftermath of Trump claiming victory...Read more>