Oil turned lower on Wednesday after President Donald Trump claimed victory in a tight US election, despite millions of votes still to be counted and a final result not expected for days.
West Texas Intermediate was down 15 cents, or 0.4%, at $37.51 a barrel by 0755 GMT, after choppy trade in positive territory for most of the Asian session. Brent crude was off by 8 cents, or 0.2%, at $39.63, after trading between $39.85 and $40.80.
Trump falsely claimed to have won after his Democratic challenger, Joe Biden, said he was confident of winning a contest that will not be resolved until a handful of states finish vote counts in the next hours or days.
