Oil fails to maintain daily gains

Oil prices advanced during the New York session amid better appetite for risk after FBI said it was closing its investigation on Clinton two days after the elections.

Oil reached a daily high of $45.34 a barrel but failed to sustain gains and it was last around $44.65/bbl, little changed on the day.

Crude prices fell nearly 10% last week, despite a weaker dollar, as investors reacted to a record weekly surge in US crude inventories.

Focus remains on US presidential elections with latest polls showing tight results. Clinton is seen as the status quo candidate, so her victory could boost risk appetite across markets.

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