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Trump will implement significant reforms and introduce an "Energy-dominance" executive order after taking office.
Trump is preparing a series of executive orders, and the policies regarding fossil fuels and electric Autos in the USA will undergo significant changes.
Concerns over sanctions combined with a decline in USA oil inventories have caused US oil prices to rebound, while Brent crude returns to above $80.
After experiencing the largest decline in over a month, oil prices rose slightly due to the continued impact of USA's sanctions on Russian oil exports, and an Industry report indicated a decrease in USA oil inventories.
Barclays Maintains Occidental Petroleum(OXY.US) With Hold Rating, Maintains Target Price $58
Oil Prices Retreat From Five-Month High Amid Gaza Ceasefire Talks
With Trump's imminent takeover, traders are betting on an increased likelihood of tariffs, causing Metal and oil prices in the USA to soar.
In recent weeks, the prices of metals such as Copper, Silver, and Platinum have diverged between London and New York, while the oil price difference between the USA and Canada has also widened.
U.S. Forecasts Sliding Oil Prices -- Barrons.com