What Trump's Victory Means For Oil

Late last week we gave the mic to Wood Mackenzie to predict what the Trump admin means for oil, energy prices and natural resources over the longer-term. But what about the short-term... the days, and weeks ahead? For the answer we go to Bloomberg's in-house OPEC guru, Julian Lee, who summarizes the banks' house views emerging from what ended up not being the closest election on record (at all).

Here are the highlights: Standard Chartered says US oil companies may ignore president-elect Donald Trump’s call to “drill, baby, drill” amid lackluster global oil demand and rising costs. Citigroup sees Trump’s winning the US presidential election as bearish for oil (but then again they see everything as bearish for oil). RBC says his administration is expected to enforce sanctions against Iranian oil with greater zeal, and much more.

Here is a closer look at every desk: