Oil prices slip as world awaits result of US poll
A court battle over US election results could spawn further sell-offs within risky asset classes, including oil futures, one analyst says
05 November 2020 - 10:44
Singapore/Melbourne — Oil dropped on Thursday as Democrat Joe Biden edged closer to the White House in a nail-biting US presidential election, but the Republicans look likely to retain Senate control, decreasing the chances of any huge Covid-19 relief package.
US West Texas Intermediate (WTI) crude futures were down 60 US cents, or 1.53%, to $38.55 a barrel at 7.56am GMT, while Brent crude futures fell 64c, or 1.55%, to $40.59 a barrel. Both contracts had jumped about 4% on Wednesday...
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