Oil prices turn red



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Oil prices turn red

Reuters

Oil prices turn red

Oil prices reversed their trend and came back down today, Wednesday, after rising about 2% earlier in trading, in anticipation of the results of the presidential election in the United States .

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As of 11:00 a.m. Moscow time, U.S. crude futures were down 0.27% to $ 37.56 a barrel.

Brent crude futures fell 0.25% to $ 39.61 a barrel, according to Bloomberg data.

And earlier in the trade, oil prices rose 2.4%, with Brent oil surpassing $ 40 a barrel.

Reuters reported that the drop came after US President Donald Trump announced his election victory despite millions of votes not being counted.

Trump has announced his victory over his Democratic opponent, Joe Biden, who has expressed confidence in winning the race, the results of which will not appear until the vote count is completed in several states, which can take hours or days. days.

Source: “Reuters” + “Bloomberg”



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