Crude up more than $1/bbl, Asia petchem shares higher after Biden wins US presidency Nov 9th
Crude oil prices rose more than $1/bbl and Asian petrochemical shares strengthened on Monday after Joe Biden won the US presidential elections.
Coronavirus pandemic to continues weighing on markets. China's exports to the US rose 22.5% year on year in October, its highest reading since June 2012, as the worsening coronavirus situation in the US weighed on its local manufacturing production.
The American Chemistry Council (ACC) in a statement following news of Biden's victory urged the US President-elect and his administration to chart a different path for US trade policy.