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U.S. oil price rise on Election Day

Xinhua, November 9, 2016 Adjust font size:

U.S. oil price climbed on Tuesday as investors were awaiting the outcome of U.S. presidential election.

U.S. oil price went up nearly 2 percent in the previous session after the Federal Bureau of Investigation (FBI) again cleared Democratic presidential nominee Hillary Clinton over her use of a private server, smoothing market concerns over the instability of the economy if her Republican rival Donald Trump gets elected.

FBI Director James Comey on Sunday informed U.S. House members that the FBI has not changed its July advice not to charge Clinton over her use of personal email server during her stay in the State Department.

The news continued to boost Clinton' s campaign on Tuesday' s U.S. presidential election, sending the U.S. oil price up 0.2 percent during the session.

Analysts said investors in general view a Clinton victory as the better outcome, as it presents fewer unknowns and possibly more stability for markets than the winning of Donald Trump.

The West Texas Intermediate for December delivery added 0.09 U.S. dollars to settle at 44.98 U.S. dollars a barrel on the New York Mercantile Exchange, while Brent crude for January delivery decreased 0.11 dollar to close at 46.04 dollars a barrel on the London ICE Futures Exchange. Enditem