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Russia’s deputy energy minister says market volatility unlikely to spike after Trump's win

November 09, 2016, 12:31 UTC+3

The oil market is absolutely correlatable with the financial market, the minister has assured

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MOSCOW, November 9. /TASS/. Russia’s Deputy Energy Minister Kirill Molodtsov does not expect the oil market volatility to spike following Donald Trump’s win in the presidential election.

"There will be volatility all the time. The oil market is absolutely correlatable with the financial market, despite the fact that they are oppositely directed. That is why they will always correlate and volatility will always exist," he said. 

On Election Day, November 8, United States citizens cast their ballots and elected their 45th US President, Donald J. Trump.

Trump, the Republican candidate secured his presidential victory by gaining 290 electoral votes, surpassing the needed 270 to win, while Clinton garnered 218 votes. The election outcome was a spectacular culmination to a heated Presidential race between the Democratic nominee, Hillary Clinton and Republican candidate, Donald Trump. The former First Lady conceded to her rival by phone once the needed votes were in.

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