Oil markets shrug at Trump election win
While equity markets around the globe were rattled by the news of a Trump win, crude futures were unfazed
Donald Trump's election as the 45th US President was a surprise victory, after polls forecast a tight, yet certain win for Hillary Clinton. By the time equity markets opened in London, Trump had won majority support in key states including Florida, Iowa, Ohio and North Carolina. At this stage it became clear that the next leader of the free world would be a Republican. By around 9am UK time, while the 131m votes cast were still being counted, Trump had won almost 280 electoral college votes out of a total of 538 (Clinton had just 218) and the Republican party had retained control of the US senate. Equity markets reacted immediately, slumping in Asia and Europe as traders began to digest the
Also in this section
11 April 2025
The Gulf state’s offer to supply electricity-starved Syria is an opportunity to support a key ally, but Doha’s ambitions to build broader pipeline networks to Turkey and Europe face challenges
11 April 2025
As the global economy grows, demand for materials is expected to increase. The way materials are made could incorporate new technologies in the future to ensure economic growth is more sustainable
10 April 2025
Technology, policy and narrative are the three biggest factors that could change the course of our 2050 outlook
10 April 2025
Latin America’s largest economy expects big uptick in crude this year with the imminent arrival of several FPSOs
