Oil prices reacted today, Monday, coinciding with the announcement of Joe Biden's victory in the United States presidential race against his rival Donald Trump.
Oil prices rose at the beginning of today's session, also in conjunction with the decline of the US dollar at its lowest level in two months.
The benchmark Brent crude rose by 2.3% to $ 40.36 a barrel, while the US Nymex crude rose 2.5% at $ 38.06 a barrel.
and the rise in the price of crude was supported by the statements of the winning candidate Biden, who confirmed that containing the Coronavirus pandemic is his top priority.
Analysts believe that Biden's success in containing the Corona pandemic will support the demand for oil, and thus crude prices will rise significantly.
The United States is the first country in the world with the total number of Corona injuries exceeding the barrier of 10 million injured.
