Moscow. 9 Nov. Cheaper oil in the medium by 3% on the background of the increasingly obvious success of Donald trump in the voting in the presidential election in the United States.
Cost of January futures for Brent crude on London’s ICE Futures exchange at 7:30 Moscow time fell by 2.7% – up to $44,79 per barrel.
The price of the December futures contracts of WTI crude oil during trading on the new York Mercantile exchange (NYMEX) decreased by this time by 3% to $43.60 per barrel.
It is believed that the US economy might suffer in case of a victory trump, and the demand for oil may fall. Trump promised to focus on protectionism in foreign policy, which may cause a round of “trade wars” with China and undermine the demand for oil.
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