Market Reacts to Trump's Next Term

Oil futures prices experienced a notable increase on Monday as investors began to digest the potential impacts of significant policy changes anticipated under US President-elect Donald Trump's administration. These changes include the introduction of tariffs, deregulation efforts, and comprehensive tax reforms.

Fed's Hawkish Stance Meets Soft Inflation Data

Adding to the market's dynamics, the Federal Reserve's hawkish outlook was met with softer-than-expected PCE inflation figures, suggesting the possibility of further rate cuts in the near future.

Price Movements

Specifically, West Texas Intermediate (WTI) for February delivery saw a 1.33% rise, trading at $71.54 per barrel by 12:14 pm ET. Similarly, Brent crude for the same month experienced a 0.44% increase, reaching $74.50 per barrel.