(WCTW) What Will A Trump Presidential Victory Do To The Oil Market?
With the US election just 3-weeks away, it's time to pick a winner. Our view is that Trump will win the election.
According to ElectionBettingOdds.com, Trump is currently favored at 58.3%.
Source: ElectionBettingOdds.com
And according to Nate Silver, Trump is only slightly favored.
While Nate Silver's data shows a 50/50 chance Trump wins, he explained that if Trump wins Pennsylvania, he has a 93% chance of winning the election.
As a result, we think the odds are heavily in favor of a Trump win, which means we need to start thinking about how this will impact both the oil and natural gas market.
For the oil market, we see several key policies that will impact global supply & demand balances: