1002 GMT - A Donald Trump presidency would likely have positive implications for the entire oil sector and in particular stocks exposed to the U.S oil and gas business such as Tenaris, Equita Research analyst Massimo Bonisoli says in a research note. Trump's election would have positive implications for the sector in the short term. However, it could have negative implications for energy commodities in the medium term due to higher domestic production volumes and from the potential re-entry into the market of sanctioned countries, which would be less supportive for prices. Tenaris shares trade 6% higher at 16.40 euros. (nina.kienle@wsj.com)
(END) Dow Jones Newswires
November 06, 2024 05:02 ET (10:02 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。