OPEC+ Tapering Mechanisms Will Continue To Dictate Oil Prices

Oil markets witnessed choppy trading in Wednesday’s session, with Brent crude for January delivery plunging to $73.53 per barrel at $8.40 am ET before jumping to $75.91 per barrel at 11.00 am ET after Donald Trump defeated Kamala Harris to clinch leadership of the White House.  Wall Street has expressed concerns that Donald Trump’s election could impact the supply of the world’s largest crude producer, with Trump promising to make the U.S. more energy independent by ramping up oil and gas production.  Recently, Citi…