This is Bitumen Africa 1 minute summary of Weekly news about oil and bitumen
The results of a U. S. presidential election often ripple through global markets, with oil prices being one of the most sensitive sectors. While multiple factors influence oil prices, the outcome of the election can alter market expectations regarding U. S. energy policy, fiscal measures, and broader geopolitical stability — all of which play a pivotal role in shaping the global oil supply — demand balance.
From banks to small — caps, Trump victory drives rally in stocks
Donald Trump's US presidential election victory boosted the stock market on Wednesday as investors bet on lower corporate taxes and deregulation,
Oil prices fell as the market reacted to the election of a president who has promised to increase oil production.
in an attempt to lower fuel costs for American consumers and perhaps erode the power of rival producers such as Russia and Iran.
thanks for Listening. To check the latest bitumen prices at different destinations, check Bitumen Africa website.