Oil Trades Sideways as Market Eyes Election

摘要

Oil futures closed narrowly mixed on Tuesday as the market focused on the US presidential election, although a strong dollar helped cap gains. Traders said dollar strength represented confidence that Democrat Hillary Clinton would be the next president. "The stock market is favorable to a Clinton election, the dollar too, and oil would probably trade slightly higher," said Jeffery Grossman, president of BRG Brokerage.