According to observers on and off Capitol Hill, the sheer logistics involved in a complicated, big package like the kind House Speaker Nancy Pelosi and Treasury Secretary have been trying to hammer out in recent weeks make it too late or almost too late to see it enacted by the Nov. 3 election day.
U.S. stock benchmarks gained traction Friday, with gains partly attributed to data showing better-than-expected retail sales in September and along with an improvement in consumer sentiment, relieving fears about a slow economic recovery.
The oil market has been preoccupied for months with concerns surrounding weaker demand driven by Covid-19 economic restrictions, but the U.S. presidential election has started to take center stage as traders weigh election-win scenarios and the potential outcomes for the energy sector.