Oil: market buys risk after Biden victory

On Monday (9), oil prices rose and Brent reached over $ 40 per barrel. Investors are buying the risk, driven by Joe Biden's victory in the United States presidential election, offsetting concerns about demand and the impact of the Covid-19 pandemic. Last week, the possible drop in oil ahead of the u.S. presidential election scenario did not happen, and Brent oil closed the week at more than 5 percent.

President-elect Joe Biden unveils a low-carbon plan, which includes curbing the expansion of new oil well drilling and increasing the mandate of the gasoline anhydrous ethanol blend, which puts pressure on demand. He takes over the presidency in January, and has as a priority the confrontation of coronavirus.


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