Oil Prices Fall Amid Policy Uncertainty

Capt. John
  • Oil prices fell as traders awaited policy clarity from U.S. President-elect Donald Trump.
  • Brent crude dropped by 1.05% to $79.94, and WTI crude declined by 1.07% to $77.05.
  • Market uncertainty stems from potential policy shifts, including lifting LNG export moratoriums and addressing the Russia-Ukraine war.
  • Recent sanctions on Russian oil and tankers tightened supply but could see adjustments under the new administration.
  • A ceasefire between Israel and Hamas contributed to stabilizing prices.

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