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Oil markets shrug at Trump election win

While equity markets around the globe were rattled by the news of a Trump win, crude futures were unfazed

Donald Trump's election as the 45th US President was a surprise victory, after polls forecast a tight, yet certain win for Hillary Clinton. By the time equity markets opened in London, Trump had won majority support in key states including Florida, Iowa, Ohio and North Carolina. At this stage it became clear that the next leader of the free world would be a Republican. By around 9am UK time, while the 131m votes cast were still being counted, Trump had won almost 280 electoral college votes out of a total of 538 (Clinton had just 218) and the Republican party had retained control of the US senate. Equity markets reacted immediately, slumping in Asia and Europe as traders began to digest t

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