This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Stockwatch Business Reporter

West Texas Intermediate crude for December delivery lost 30 cents to $71.69 on the New York Merc, while Brent for January lost 61 cents to $74.92 (all figures in this para U.S.). Western Canadian Select traded at a discount of $12.20 to WTI, up from a discount of $13.00. Natural gas for December added seven cents to $2.74. The TSX energy index added 5.52 points to close at 278.18.

President-elect Donald Trump is heading back to the White House. His decisive victory in yesterday's U.S. election spurred a jump this morning in equity futures, 10-year treasury yields and the U.S. dollar. Oil and other commodities initially raced in the opposite direction, as a higher U.S. dollar makes them more expensive in other currencies, weakening demand. The possibility of trade disputes under a Trump presidency added to the pressure. Oil prices soon regained their ground and then some, buoyed by hopes of energy-friendly policies and looser regulations, but by the end of the rocky trading session, the mood had shifted again and oil ended the day down.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS