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Oil Prices Drop
Oil Prices Drop After Trump Victory
Oil prices fell as Donald Trump secured the presidency. Brent, the global benchmark for crude oil, fell nearly 2% to trade a little over $74 a barrel. West Texas Intermediate, the U.S. equivalent, also dropped.
Oil falls as Trump victory pushes dollar higher
Oil prices fell about 3% on Wednesday as the U.S. dollar rallied on Donald Trump's election as president. Investors believe a Trump presidency will bolster the dollar as interest rates may need to remain high to combat inflation resulting from any new tariffs and polices that may further pressure China's economy,
Citi Sees Pressure on 2025 Oil Prices Under Trump
A second presidential term for Donald Trump is likely to keep oil prices under pressure in 2025 by easing regulations on U.S. producers and potentially spurring the Organization of Petroleum Exporting Countries to speed up the return of withheld output,
6h
Gas may dash Big Oil's Namibian dreams
International companies and the government of Namibia had high hopes only months ago they could quickly cash in on offshore ...
21h
Oil ends higher for a fifth straight session as traders await U.S. election results
Oil futures settled Tuesday with a fifth straight session gain as investors awaited the outcome of a contentious and close ...
16h
on MSN
Oil Edges Lower as Traders Consider How Trump May Affect Market
Oil fluctuated as bets that Donald Trump’s election win will accelerate economic growth vied with bearish market data from ...
13h
Marathon Oil beats Q3 profit estimates on higher production
U.S. shale producer Marathon Oil beat Wall Street estimates for third-quarter profit on Wednesday, helped by higher ...
1d
on MSN
Oil prices end at highest in a week after OPEC+ delays output hike by another month
Oil futures finished sharply higher Monday after OPEC+ said it would wait another month before beginning to unwind voluntary ...
1d
Can the No. 1 Oil Producer Lead the Way on Climate? The US Is Trying It
The latest in American exceptionalism is exporting 50% more oil than Saudi Arabia while trying to prod the world towards net ...
1d
USO: Oil After Today's Election
U.S. election. We look at United States Oil Fund, LP ETF (USO) and how it may react in the current environment.
1d
Biden moves to limit oil drilling in Arctic National Wildlife Refuge
The Biden administration moved Wednesday to narrow the scope of an
oil
-and-gas lease sale in Alaska’s Arctic National ...
Markets Insider on MSN
1d
Russia's oil revenue plummeted 29% in October amid volatile global crude prices
One of Russia's largest revenue sources took a hit in October, with oil revenue falling nearly 30% on an annual basis.
1d
on MSN
Oil Prices Lower as U.S. Election Results Trickle in
Oil prices were lower in early Asian trade as investors closely watched the U.S. election results. Overall, if Trump becomes president, his policies are likely to be neutral to slightly bullish for ...
1d
Aramco profits fall on tumbling oil prices
Saudi Arabian oil giant Aramco reported third-quarter profits of $27.5 billion on Tuesday, down about 15 percent from last ...
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