Oil prices tumble as Trump pulls forward

By REUTERS
November 9, 2016 05:57

Oil prices tumbled on Wednesday as vote counting showed Republican Donald Trump doing better than expected in several crucial battleground states in the US presidential election.

With traders glued to their screens, crude futures markets roared into action as counting advanced, with Trump holding narrow leads over Democrat Hillary Clinton in a series of key contests.

US West Texas Intermediate (WTI) crude futures fell to a session low of $43.07 per barrel, down more than 4 percent from their last close and their lowest since September, before inching back to $43.30 a barrel at 0333 GMT.

International Brent crude futures were down 3 percent at $44.68 a barrel.


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