Oil falls after Trump election as US president sends dollar higher

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:Oil prices fell more than 1 per cent on Wednesday after Republican Donald Trump was elected president, pushing the dollar higher.

Gulf of Mexico began shutting output as Tropical Storm Rafael is forecast to become a Category 1 hurricane by early Wednesday.

"This is not so good for OPEC+ who will have to decide whether they want to protect market share or try to sustain price levels," Kelty said.

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Article Details

Category: EconomyBusiness

Markets: SingaporeFranceIsraelMexicoVenezuela

Topics: Wednesday Analyst Presidency Market Trump Demand Petroleum Cent Barrel Crude Dollar

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 09:08:11 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 458 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 21 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 23446671

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 38 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 1 hours ago

Coverage Areas: Singapore

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Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #27

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