US Total Crude Oil Stocks Rise in Week Ended Nov. 1
Analyst: The prospect of a stronger dollar and increased drilling activity is putting pressure on oil prices.
November 6th, Guronghui | StoneX's Fawad Razaqzada stated in a report that the possibility of increased drilling activity after Trump became president may lead to an increase in US oil production, while the strengthening US dollar and the prospect of tariffs that could harm demand have brought downward pressure on oil futures. "So far, there is limited downside potential, but oil prices are more likely to test recent lows."
Oil Extends Losses as U.S. Dollar Surges After Trump Win -- Market Talk
Trump's return is causing shockwaves in the global market. Can 7 types of markets escape misfortune?
According to data from Edison Research Company, Donald Trump's entry into the White House has seen the dollar and stock market as winners, but a Republican elected president may put pressure on bonds, emerging markets, clean energy, and sustainable investments.
[Real-time Tracking of the Election] Trump officially wins the usa election.
On November 5th, USA will hold the 60th presidential election, the current vice president Harris and former president Trump will officially compete. Finance Associated Press will track and report the latest developments of this election, so please stay tuned.
Oil Falls as Trump Win Projections Boost U.S. Dollar