Tag: Trump victory

November 09, 2016 BY Valentina Kirilova

Oil prices stabilize after Trump's win, trade above $46

Oil reversed early losses of almost 4% and was traded above $46 a barrel on Wednesday, as the market recovered from the initial reaction to Donald Trump's surprise victory in the U.S. presidential election. The dollar however steadied and European stocks pared losses. Brent crude (LCOc1) was up seven cents at $46.11 a barrel by…

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