Breaking News

Oil prices go back in light of the murky US elections: 05-11-2020

News Date: 5/11/2020 06:35:45


With the American main elections drawing close to their end, it becomes imminent and likely that candidate "Joe Biden" will replace the US presidency and close to winning the White House.

Oil prices fell this morning, Thursday, after the Republican candidate "Joe Biden's chances of winning the presidency in the United States of America doubled."
As futures contracts for oil fell by 11:30, and futures contracts for Brent crude fell by 1.33% to be traded at $ 40.68 a barrel, while futures contracts for WTI fell by 1.33% to be traded at a price. $ 38.63 per barrel.

On the other hand, gold futures contracts rose, as at 4:25 GMT, they reached a rise of 0.62%, to be traded at a price of $ 1,908 an ounce. In the event that "Joe Biden" is resolved and takes over the presidency, he will work to approve a huge stimulus package to help the economy overcome the consequences of the Corona epidemic, which will reduce the value of the dollar, and thus gold rise to the top.

Latest news

The number of global Coronavirus infections is increasing at an unexpected speed, and German Chancellor Angela Merkel said yesterday that the pace of new infections is advancing day after day, and at
11-2020 17 08:37:57

Japanese stock indices closed lower today, due to undermining investor sentiment for fear of a rise in Corona cases, and the Nikkei index fell by 0.53% to 25385.87 points, and over the course of a we
11-2020 13 05:10:43

The US dollar manage this morning, to achieve progress during the trading session, as the « safe currency » rose by 0.04% to indicate 93.073, and the dollar fell against the Japanese yen
11-2020 12 08:11:42

Trump is still trying to raise the curtain on the corruption – as he claims – which was defined by the polling process in the last major US election that was sorted by Democrat Joe Biden,
11-2020 11 08:58:20

Most of the global markets rebounded on Monday, right after the opening of the weekly trading session, after Democrat Joe Biden won the US presidential elections, and both stocks and commodities rebo
11-2020 10 09:23:45

More News