US elections cause decline in Brent price

US elections cause decline in Brent price

Oil prices tumbled on Wednesday as vote counting showed Donald Trump edging close to winning the US presidential election, throwing world markets into turmoil.

US West Texas Intermediate (WTI) futures fell to a session low of $43.07 per barrel, down more than 4% from their last close and their lowest since September, before recovering to $44.18 per barrel.

Brent futures were down 1.7% at $45.26 per barrel, Reuters reports.

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