Saudi Arabia and other oil-rich Persian Gulf countries are hoping for Hillary Clinton to become the next US president, according to an oil analyst.
“It is no secret that the Saudis and other Gulf Sunni powers are rooting for Mrs. Clinton,” Bob McNally, president of Washington-based consulting firm Rapidan Group, told CNBC from Vienna on Thursday.
The Organization of the Petroleum Exporting Countries (OPEC) holds its semiannual meeting Thursday in Vienna, but is unlikely to announce any strategy changes.
McNally said that there is “a lot of concern and anxiety” about what a Donald Trump presidency would mean for the oil market.
Trump, the presumptive Republican nominee, has questioned the protective nature of the US relationship with Saudi Arabia.
He has suggested that the United States should consider ditching Riyadh because Washington is increasingly getting less dependent on overseas oil.
The billionaire businessman laid out his energy plan…