USD 80.5268

-0.16

EUR 93.3684

-1.09

Brent 66.42

-0.27

Natural gas 2.801

-0.01

198

US: Democrats' Possible Win May Affect US Oil Stocks

The Democrats' takeover of the U.S. House of Representatives...

US: Democrats' Possible Win May Affect US Oil Stocks

U.S.: the Democrats' takeover of the U.S. House of Representatives, and possibly the U.S. Senate, could auger higher taxes, a hike in the minimum wage, analysts say.

"The Dems will be targeting energy, insurance, pharmaceutical and defense, and they're going to have a lot of power, especially if they've got their friends over in the Senate with a majority," said George Schwartz, president of Schwartz Investment Counsel, manager of the Ave Maria Funds.

Following are sketches of how stocks in some sectors might fare under Democrat leadership after Tuesday's U.S. elections.


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