Business
Oil rises after Trump falsely claims victory in tight U.S. election – Reuters
Oil prices rose nearly 4% on Wednesday after President Donald Trump falsely claimed victory in a tight U.S. election with millions of votes still to be counted…
NEW YORK (Reuters) – Oil prices rose nearly 4% on Wednesday after President Donald Trump falsely claimed victory in a tight U.S. election with millions of votes still to be counted and after data showed a large decline in U.S. crude inventories.
FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. REUTERS/Angus Mordant
A victory by Trump is viewed as bullish for oil because of sanctions on Iran and his support for Saudi-led…
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