Oil rises after Donald Trump falsely claims victory in tight US election


By Devika Krishna Kumar NEW YORK (Reuters) - Oil prices rose more than 2% on Wednesday after President Donald Trump falsely claimed victory in a tight U.S. election with millions of votes still to be counted and after data showed a large decline in U.

S. crude inventories. A victory by Trump is viewed as bullish for oil because of sanctions on Iran and his support for Saudi-led oil production cuts to support prices. A contested result and prolonged uncertainty is seen as the most bearish outcome for oil and markets in general,.....

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