Republican presidential nominee and former President Donald Trump is projected to win the tight race for the 47th U.S. president, which sent the U.S. dollar surging and oil prices falling. Since oil is priced in dollars, a rising U.S. dollar typically leads to lower oil prices as a stronger greenback makes oil more expensive to buy for holders of other currencies. As of 3:40 a.m. E.T. Donald Trump was projected to win the presidential race against Vice President and Democratic nominee Kamala Harris. The New York Times’s Live Presidential…
