OPEC, Russian sanctions and Iran: what could Trump do to oil?
09 Nov 2016

Knee-jerk reactions are dangerous things. The pummelling for risk-on asset classes generally and equities in particular that we saw post-Brexit serve as a timely reminder and potential template for a Trump White House.

But what does this mean for the commodity markets and oil in particular?

If the dollar is selling off — and at the time of writing it is selling off — then the inverse relationship with commodities would very often mean a bid under the price of Brent, WTI et al.

However, an overriding factor is obviously the global uncertainty that a Trump victory would create for policymakers everywhere. And OPEC is the world’s biggest oil market policymaker.

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