President-elect Donald Trump's Republican Party is set to control both houses of Congress when he assumes office in January. This majority will enable him to advance his agenda focused on tax cuts and reducing the size of the federal government.
Oil prices declined as the dollar strengthened amid the ongoing U.S. presidential election, with WTI crude falling to $71.72 per barrel and Brent crude to $75.18 per barrel. As polls closed, Trump secured eight states while Harris won three and Washington, D.C., but the election outcome remained uncertain, particularly in key battleground states. U.S. stock futures and the dollar rose in Asia as investors reacted to the tight race.
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