Oil is trading lower

Market news

9 November 2016

Oil is trading lower

This morning, the New York futures for Brent dropped in price 0.98% to $ 45.59 and WTI down 1.13% to $ 44.47 per barrel. Thus, the black gold is trading lower on the background of US elections result. Last time Brent was this low was on August 11. However, after the panic subsided oil might correct by restoring some of the lost positions.

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