Oil down as Trump wins

Oil prices fell in Asia on Wednesday as Republican candidate Donald Trump defeated Democratic rival and market favourite Hillary Clinton in the race for the White House. At around 0830 GMT, the December contract for US benchmark West Texas Intermediate was down 53 cents at $44.45 a barrel and Brent crude for January delivery was 51 cents lower at $45.53.

Both contracts fell more than one dollar earlier in the session after Trump cemented his lead.