Trump's return may bring stability to oil markets

Resolution of Ukraine and Gaza wars holds the key to softer prices

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20241205 oil pump

A pumpjack extracts crude at an oil field in Emlichheim, Germany. © AP

Vandana Hari is founder of Vanda Insights, a Singapore-based global energy market intelligence provider.

A generic worldview crystallizing in financial and political realms ahead of Donald Trump's return to the White House on Jan. 20 is skewed toward expectations of heightened uncertainty and turmoil. There is palpable anxiety over intensifying trade wars and a resurgence of global economic headwinds.

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