💨 Abstract

Oil prices dropped by up to 2% on Wednesday following a surge in the U.S. dollar due to projections of a Donald Trump presidency and increased U.S. crude stocks. A Trump presidency may lead to policies that further pressure the Chinese economy, reducing oil demand. Additionally, U.S. crude inventories grew more than forecast, contributing to the price drop.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖