Donald Trump’s ‘America First’ energy plan was long on words and short on detail, so no-one knows at this stage exactly how his broad policy goals will be put into place, but the oil market reacted decisively to his victory. US benchmark WTI futures nose-dived on the perception that Trump’s trade policies would lead to more protectionism and that his pro-fracking stance would result in higher oil production in the United States.
Before becoming president-elect, Trump promised to rescind executive decisions taken by outgoing president Barack...
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