Oil Prices Rise as Hurricane Rafael Approaches and Dollar Weakens Post-Trump Election

The oil market experienced a notable shift on Thursday, November 7, 2024. Crude prices climbed nearly 1% as investors processed the implications of Donald Trump’s recent election victory. The weakening dollar and the Federal Reserve’s decision to cut interest rates further influenced the commodity’s performance. Brent crude, the global oil benchmark, saw its January 2025 […]