Oil plunges and metals rally after midterms
Brent is down over 16% this week, about half of it post-election, while precious metals rally on lower yields and a weaker dollar.
What we know
Ole Hansen says crude fell 8% Wednesday, and precious metals are the big winners. Soft Swedish CPI and a weaker sterling ahead of the BoE add to the macro picture.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.