Oil falls after Trump election as US president sends dollar higher

Quick Summary:

: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.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: EconomyBusiness

Markets: SingaporeFranceMexicoVenezuela

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

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 09:08:11 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 458 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 23446671

View Article Analysis

About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 49 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 1 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

Publisher Details

Frequently Asked Questions