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.
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 year as low oil prices ate into its revenues. Aramco, formally known as the Saudi Arabian Oil Co.
Oil falls after Trump election as US president sends dollar higher
Oil prices fell more than 1% on Wednesday after Republican Donald Trump was elected president, pushing the dollar higher. Trump, 78, recaptured the White House by securing more than the 270 Electoral College votes needed to win the presidency,
Trump Sends Oil Prices Down, Oil Stocks Up. What’s Going On?
Crude oil prices were falling on Wednesday morning even as major oil companies rallied. Brent crude was recently down about 0.5%, while a basket of U.S. oil and gas exploration and production companies were up 3.
Oil Stocks Rise as Trump Prepares to Return to Presidency
KEY TAKEAWAYS U.S. oil company stocks rose Wednesday, with former President Donald Trump, viewed as a big backer of increased oil supply, set to return to the White House.Shares of ExxonMobil, Chevron,
Oil Stocks Jump Even as Crude Prices Fall With Trump on Cusp of Victory
It seems puzzling at first, but oil stocks were advancing early Wednesday even as crude oil prices were falling. Usually lower oil prices hurt shares of the companies that specialize in selling it, but not this time.
Oil Prices Could Sink to $60 Under Trump Presidency, Citi Warns
However, Citi stated that "there is a risk that Trump imposes more sanctions on oil-producing countries like Venezuela and Iran, which could have bullish effects on oil prices."
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 ...
Oil prices end with a modest loss as Trump’s win lifts the dollar
Oil futures turned higher in Wednesday dealings, with U.S. prices finding support after a brief drip below $70 a barrel as ...
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 ...
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 ...
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 ...
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 ...
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.
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 ...
Mark Cuban Says Trump's Loyalty To 'His Oil Company Cronies' Kicked Off High Inflation. He Claims That Was The Ground Zero
Mark Cuban is calling out former President Donald Trump for his role in the high inflation everyone is feeling right now.
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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.
What a Trump Victory Means for Tech
Another Trump presidency will be good for crypto and Elon Musk, but every big tech company may not benefit from a more hands-off approach to antitrust.