Oil Prices Set for Weekly Gains on Election Results ...Middle East

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Oil Prices Set for Weekly Gains on Election Results
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Crude oil prices were on course to end the week with a gain despite a retreat earlier today, following the outcome of the U.S. presidential elections. At the time of writing, Brent crude was trading at $75.27 per barrel and West Texas Intermediate was trading at $71.92 per barrel, both down from yesterday’s close but higher than the start of the week. According to Reuters, Brent crude could end the week with a gain of over 3%, while WTI could do even better, adding 4.1% over the week. The recent retreat was prompted by news updates about…

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