Oil prices fall as markets digest Trump's victory

Odaily News Crude oil futures fell after rising in the first five trading sessions as the market began to digest Trump's election victory. Rystad Energy's Mukesh Sahdev said in a report that Brent crude futures fell from above $75 a barrel, "reflecting expectations of increased U.S. supply and a possible slowdown in demand due to tariff measures on major trading partners." He added that the strengthening of the U.S. dollar after Trump took office added complications, but ongoing trends in the oil market, including OPEC+ managed supply and low refining margins, "may affect the outlook going forward." (Jinshi)