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At Close: Jun 05, 2026
The oil and natural gas markets exhibit strong volatility and are seeking direction, while the US Dollar Index has surged following the US election.

Why Oil Prices Fell Following Trump Victory | WSJ

05:09pm, Wednesday, 06'th Nov 2024
WSJ's Heard on the Street columnist JinJoo Lee explains why oil prices fell the morning after the election even as major oil companies rallied. #Trump #Oil #WSJ
WTI oil moved back towards the $72.00 level.
U.S. crude oil inventories rose last week as imports grew, and stocks of gasoline and distillate fuels increased with refineries raising their capacity use.
Gasoline inventories increased by 0.4 million barrels from the previous week.
The election has come and gone, and it looks like oil is feeling the pinch. Afterall, the Trump Administration, with he help of the Republican Seante and House, will open up more drilling the USA, as
U.S. oil producers are looking forward to less regulations on crude production under a Donald Trump presidency, meaning higher oil supply and consequently lower prices. But it's not that straightforwa
Oil futures fell Wednesday, feeling the heat from a sharp rise in the U.S. dollar after former President Donald Trump won the U.S. presidential election.
Dollar strength post-Trump victory pressures oil demand, pushing crude prices lower. Rangebound with key levels at $69.98 to $69.21 support and $71.73 to $73.15 resistance.
Oil prices struggle to rebound with rising U.S. crude inventories and a stronger dollar. Key resistance levels must break to regain bullish momentum.
Oil prices were lower in early Asian trade as investors closely watched the U.S. election results. Overall, if Trump becomes president, his policies are likely to be neutral to slightly bullish for th
U.S. West Texas Intermediate (WTI) crude futures fell on Wednesday as presidential election polls were closing in the United States.
Crude oil's rally from recent lows tests resistance, with potential for a breakout above key levels if support at 71.58 holds.
Oil traders take some profits off the table and wait for the results of U.S. elections.
The crude oil market rallied a bit in the early hours of the Tuesday session, as the markets continued to pay close attention to the massive support level underneath, as the market has been in a range
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