Brent crude climbs above $40 a barrel after Joe Biden clinches US presidency
Trade wars and higher taxes are largely off the agenda as neither party controls the Congress, analyst says
09 November 2020 - 07:49
Singapore — Oil prices gained more than 2% on Monday, with Brent futures rising above $40 a barrel, after Joe Biden clinched the US presidency and buoyed risk appetites, offsetting the worry about the effect on demand from a worsening coronavirus pandemic.
Brent crude futures for January climbed $1.06, or 2.7%, to $40.51 a barrel by 6.53am, and US West Texas Intermediate crude for December was at $38.21 a barrel, up $1.07, or 2.9%...
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