💨 Abstract

Oil prices fell 2% on Wednesday due to the U.S. dollar strengthening after projections that Donald Trump won the U.S. presidential election. A Trump presidency may pressure the Chinese economy, weakening oil demand, but could also renew sanctions on Iran and Venezuela, potentially increasing oil prices. crude inventories also rose more than forecast, contributing to the price drop.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖