Oil prices slightly gained on Monday; the market had a small recovery, on hopes a Clinton win will improve the U.S. economy gradually.
There was more risky trading after the FBI said there’s no foul play in her email private server investigation.
The news may give Clinton an edge over Trump, who benefited from the reopening of Clinton’s case a week ago.
Brent oil for January Delivery on the ICE Futures Exchange in London, was up 33 cents to $45.691 a barrel. On a previous session, it fell to $45.08, a level not seen since August 11.
December crude oil gained up to 50 cents at $44.51 a barrel. On Friday, the contract dropped to $43.57, the lowest level since September 20.
New York-traded oil future fell 9.5 percent, last week, as investors reacted to a record weekly surge in U.S. crude inventories and rising U.S. rig count.
OPEC had an agreement upon preliminary talks in Algeria, late September, to hold oil production to a range of 32.5 million to 33.0 million barrels per day.
There are no expectations of finalizing the agreement before OPEC’s next official meeting in Vienna on November 30, as Iran says it should be exempt to regain the market after lifting sanction from it, which made Saudi Arabia’s representatives furious and had a clash with the Iranian’s representatives and threatened to boost the production of oil supplies.
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