Oil Trades Near Four-Month Low; Impending U.S Elections, Greece Concern

- November 5th, 2012

Oil trades near the lowest level in almost four months in New York surrounding concerns that Greece will struggle to secure another bailout and uncertainty over who will win tomorrow’s U.S. presidential elections.

Oil trades near the lowest level in almost four months in New York surrounding concerns that Greece will struggle to secure another bailout and uncertainty over who will win tomorrow’s U.S. presidential elections.

As quoted in market news:

Some clarity for the medium-term would be good for the markets. Obama is considered by the oil markets as being more favourable.

Click here to read full Bloomberg article.

 

Leave a Reply