A Biden win could lead to more crude on the market. Energy analysts and speculators are eagerly awaiting the result on tonight's US election, with many predicting that a win for Democrat Joe Biden could lead to another oil glut in the market. The forecast of a drop in oil prices relates to the belief that Biden would seek to strike a new nuclear deal with Iran, which has been hit hard by US sanctions under current President Donald Trump. If the embargo on Iran is eased by Biden, then 2 million barrels of crude could eventually be released into the market daily. While analysts have said this would not happen overnight, the market will likely see changes develop under a Biden administration -
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