Citi global energy strategist Eric Lee sits down with Julie Hyman and Josh Lipton on Market Domination to discuss what Vice President Kamala Harris or former President Donald Trump White House would mean for oil prices (CL=F, BZ=F).

“If there is a Harris administration, it may be fairly status quo,” Lee says, adding that “If there is some easing of geopolitics over time, whether it's pushing for a ceasefire in the Middle East, whether there are continued nuclear talks with Iran, that could see somewhat of a bearish impulse for oil over time.”

“If it's a Trump 2.0, then it could also be net bearish for oil there… The main bearish factor for oil is actually the possibility of trade tariffs and additional trade tensions that could really hit oil demand even more, as well as stimulating US oil production and exports. On the bullish side, there's the possibility that there could be harsher sanctions on Iran. So on the whole, we think it's a net bearish."

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This post was written by Naomi Buchanan.