{"id":26081,"date":"2020-11-04T13:36:36","date_gmt":"2020-11-04T12:36:36","guid":{"rendered":"http:\/\/thefreezonechannel.com\/?p=26081"},"modified":"2020-11-04T13:36:36","modified_gmt":"2020-11-04T12:36:36","slug":"oil-rises-after-trump-falsely-claims-victory-in-election","status":"publish","type":"post","link":"https:\/\/thefreezonechannel.com\/old\/oil-rises-after-trump-falsely-claims-victory-in-election\/","title":{"rendered":"Oil rises after Trump falsely claims victory in election"},"content":{"rendered":"\n<p><strong>By Reuters&nbsp;<\/strong><\/p>\n\n\n<p>Oil prices rose nearly 3 per cent on Wednesday after President Donald Trump falsely claimed victory in a tight U.S. election with millions of votes still to be counted and the final result not yet clear.&nbsp;<\/p>\n\n\n<p>A victory by Trump is viewed as bullish for oil because of sanctions on Iran and his support for Saudi-led OPEC oil cuts to support prices.&nbsp;<\/p>\n\n\n<p>A victory by his rival Joe Biden would be seen as bearish because of his green policies and softer stance on Iran.&nbsp;<\/p>\n\n\n<p>West Texas Intermediate was up $1.03 cents, or 2.66 per cent, at $38.69 a barrel by 0955 GMT.&nbsp;<\/p>\n\n\n<p>Brent crude was up by 1.09 cents, or 2.67 per cent, at $40.80.&nbsp;<\/p>\n\n\n<p>Trump falsely claimed to have won after his Democratic challenger Biden said he was confident of winning a contest that will not be resolved until a handful of states finish vote counts in the next hours or days.&nbsp;<\/p>\n\n\n<p>\u201cThis (potential Trump victory) is bullish for oil as OPEC+ can keep cutting without fear that Iranian oil supply will come back into the market any time soon,\u201d said Bjarne Schieldrop at SEB.&nbsp;<\/p>\n\n\n<p>Equity markets veered and bonds traded higher as vote counting showed the election was closer than polls had forecast.&nbsp;<\/p>\n\n\n<p>Prices also drew support as OPEC producers and Russia considered deferring a planned increase in OPEC+ oil output from January as a second coronavirus wave stifles a recovery in fuel demand.&nbsp;<\/p>\n\n\n<p>The Organisation of the Petroleum Exporting Countries (OPEC) and allies led by Russia, a grouping known as OPEC+, earlier agreed to ease cuts by 2 million barrels per day from the current 7.7 million bpd from January.&nbsp;<\/p>\n\n\n<p>More lockdowns could cap oil price gains. Italy, Norway and Hungary have tightened coronavirus curbs, following Britain, France and other countries. &nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Reuters&nbsp; Oil prices rose nearly 3 per cent on Wednesday after President Donald Trump falsely claimed victory in a tight U.S. election with millions of votes still to be counted and the final result not yet clear.&nbsp; A victory by Trump is viewed as bullish for oil because of sanctions on Iran and his [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":26082,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[235,126],"tags":[380],"class_list":["post-26081","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-resources","category-trade-and-industry","tag-oil-gas","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Oil rises after Trump falsely claims victory in election - The Freezone Channel<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thefreezonechannel.com\/old\/oil-rises-after-trump-falsely-claims-victory-in-election\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oil rises after Trump falsely claims victory in election - The Freezone Channel\" \/>\n<meta property=\"og:description\" content=\"By Reuters&nbsp; Oil prices rose nearly 3 per cent on Wednesday after President Donald Trump falsely claimed victory in a tight U.S. election with millions of votes still to be counted and the final result not yet clear.&nbsp; A victory by Trump is viewed as bullish for oil because of sanctions on Iran and his [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thefreezonechannel.com\/old\/oil-rises-after-trump-falsely-claims-victory-in-election\/\" \/>\n<meta property=\"og:site_name\" content=\"The Freezone Channel\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-04T12:36:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/thefreezonechannel.com\/old\/wp-content\/uploads\/2020\/11\/1588762765_IqdwjG_2020_05_06T102851Z_1_LYNXMPEG450V5_RTROPTP_4_GLOBAL_OIL_RUSSIA.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"870\" \/>\n\t<meta property=\"og:image:height\" content=\"470\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"The Freezone Channel\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"The Freezone Channel\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thefreezonechannel.com\/old\/oil-rises-after-trump-falsely-claims-victory-in-election\/\",\"url\":\"https:\/\/thefreezonechannel.com\/old\/oil-rises-after-trump-falsely-claims-victory-in-election\/\",\"name\":\"Oil rises after Trump falsely claims victory in election - The Freezone Channel\",\"isPartOf\":{\"@id\":\"https:\/\/thefreezonechannel.com\/old\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/thefreezonechannel.com\/old\/oil-rises-after-trump-falsely-claims-victory-in-election\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/thefreezonechannel.com\/old\/oil-rises-after-trump-falsely-claims-victory-in-election\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/thefreezonechannel.com\/old\/wp-content\/uploads\/2020\/11\/1588762765_IqdwjG_2020_05_06T102851Z_1_LYNXMPEG450V5_RTROPTP_4_GLOBAL_OIL_RUSSIA.jpg\",\"datePublished\":\"2020-11-04T12:36:36+00:00\",\"dateModified\":\"2020-11-04T12:36:36+00:00\",\"author\":{\"@id\":\"https:\/\/thefreezonechannel.com\/old\/#\/schema\/person\/96bf776ac18c24b9af3209b53d6372d3\"},\"breadcrumb\":{\"@id\":\"https:\/\/thefreezonechannel.com\/old\/oil-rises-after-trump-falsely-claims-victory-in-election\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/thefreezonechannel.com\/old\/oil-rises-after-trump-falsely-claims-victory-in-election\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/thefreezonechannel.com\/old\/oil-rises-after-trump-falsely-claims-victory-in-election\/#primaryimage\",\"url\":\"https:\/\/thefreezonechannel.com\/old\/wp-content\/uploads\/2020\/11\/1588762765_IqdwjG_2020_05_06T102851Z_1_LYNXMPEG450V5_RTROPTP_4_GLOBAL_OIL_RUSSIA.jpg\",\"contentUrl\":\"https:\/\/thefreezonechannel.com\/old\/wp-content\/uploads\/2020\/11\/1588762765_IqdwjG_2020_05_06T102851Z_1_LYNXMPEG450V5_RTROPTP_4_GLOBAL_OIL_RUSSIA.jpg\",\"width\":870,\"height\":470,\"caption\":\"FILE PHOTO: A view shows a well head and a drilling rig in the Yarakta Oil Field, owned by Irkutsk Oil Company (INK), in Irkutsk Region, Russia March 11, 2019. 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