Oil Down On Knife-edge US Vote
Fakhir Rizvi Published November 09, 2016 | 08:55 AM
SINGAPORE, Nov 9, (APP - UrduPoint / Pakistan Point News - 09th Nov, 2016 ) - Oil prices were down in Asian trade Wednesday as early US presidential election results indicate a knife-edge outcome, with market favourite Hillary Clinton struggling in key battleground states.
Analysts warned it is still too early to predict a winner, despite a strong showing by Donald Trump, with several states still too close to call including all-important Florida and Pennsylvania.
At around 0230 GMT, US benchmark West Texas Intermediate for delivery in December was down $1.
67 to $43.31 and Brent crude for January tumbled $1.46 to $44.58. Jeffrey Halley, a senior market analyst at OANDA, said the election results were set to drive trade all day, as the world waited anxiously for results.
"Trading is expected to be very choppy throughout the day because markets seem to be moving back and forth according to the ebbs and flows of the voting results that are coming in," Halley told AFP.
Related Topics
Recent Stories
WASA launches comprehensive campaign to test quality of water
Food Authority team conducts operation in Jackson market harbor area
KCP Captain Shahzaib Rind calls on Balochistan CM
PNCA to organize folk, classical & Sufi dance performances on Int'l Dance Day
Chief Minister Gilgit Baltistan Haji Gulbar Khan calls on Minister for Privatis ..
Germany nudges up growth forecast, ailing economy at 'turning point'
USC to hold ‘E-Kachehry' on April 25 (tomorrow)
Punjab Primary and Secondary Healthcare Department Minister Khawaja Imran Nazir ..
Kewell's Yokohama beat Ulsan to reach Asian Champions League final
DC directs to implement fixed prices of Naan,Tandoori Roti
Revised UAF budget recommended
Hajj permits start for domestic pilgrims in Saudi Arabia
More Stories From World
-
UAE announces $544 million for repairs after record rains
41 minutes ago -
Hamas releases video of Israeli-American hostage held in Gaza
37 minutes ago -
Iran president visits Sri Lanka, inaugurates power, irrigation project
1 hour ago -
Italy fines Amazon over 'recurring' purchase option
1 hour ago -
Top France court confirms ex-PM's conviction in fake jobs scandal
1 hour ago -
UBS chairman decries tighter capital rules
2 hours ago
-
Israel says forces carrying out 'offensive action' in south Lebanon
1 hour ago -
Spain PM under pressure as wife faces graft probe
2 hours ago -
U.S. Secretary of State Blinken arrives in Shanghai
2 hours ago -
N. Macedonia starts elections that could decide stalled EU talks
3 hours ago -
Haaland ruled out of Man City's crucial trip to Brighton
3 hours ago -
Four dead as floods wreak havoc in Kenyan capital
3 hours ago