Oil sinks on weak US economic data, political uncertainty
NEW YORK: Oil prices sank on Thursday following weak US economic data and after a tweet from US President Donald Trump suggesting the nation should delay its November presidential election.
Investors sold riskier assets following Trump’s tweet about delaying the vote. The date of the US election is enshrined in the US Constitution, but Trump’s remarks were viewed as an attack on the integrity of the coming election, worrying investors.
