Uncategorized

Oil Falls Amid Global Market Turmoil as Trump Elected President

Oil declined as Republican Donald Trump was elected the 45th U.S. president, prevailing over Democrat Hillary Clinton in a victory that threw global markets into turmoil.

Futures fell as much as 4.3 percent in New York to the lowest since September while U.S. stock index futures and Asian equities slid with the Mexican peso, as investors flee riskier assets to switch into havens such as Treasuries and gold. Crude pared most of its losses as Trump, 70, promised to try to unite America’s divided political factions.

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