Oil Prices Remain Rangebound Despite Dramatic Week

Despite a whirlwind news week that saw Donald Trump regain the U.S. presidency and a hurricane hit the Gulf of Mexico, oil prices have been largely rangebound this week.Friday, November 8th, 2024The US presidential election has dominated global newsfeeds this week, triggering widespread speculation on how a new Trump administration would implement its election promises in the first weeks and months of its tenure. Meanwhile, Hurricane Rafael, potentially the last hurricane of this Atlantic season, has temporarily shut down some 400,000 b/d of production…