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Oil futures crumble after reports on Trump's success

Source : 112 Ukraine

Brent futures have lost 3% falling to 44.68 dollars per barrel
09:26, 9 November 2016

112 Agency

Oil futures on the stock exchanges are rapidly getting cheaper on the background of messages about Trump's sucess at US presidential elections, reports Reuters.

Futures of Brent have lost 3% falling to 44.68 dollars per barrel. WTI futures for one trading session fell 4% having fallen below the minimum value, observed from September - to 43.07 dollars per barrel.

"It's a deja vu with what we have seen during the Brexit. I'mvery concerned", - quotes agency the president of a large research company Sumitomo Bob Takaya.

The report said that a further drop in oil futures will inevitably lead to an increase in the price of gold, the traditional "lifeline" for investors, the demand for which could grow. Moreover, it will be against the background of falling dollar and a decline in the major indexes.

Let us remind, the world's stock exchanges and currencies, particularly the dollar are responsive to the data of votes counting during the presidential elections in the United States. They sharply fluctuated up and down depending on the reports of the benefits of the candidates. Moreover, on reports of superiority of the candidate from the Democratic Party Clinton quotes responded with growth, and on the superiority of Republican Donald Trump - on the contrary, with fall.

Related: US Elections: First exit polls results

Related: US Elections: Unprecedented record voter turnout reported

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