Oil prices fell as Donald Trump secured the presidency. Brent, the global benchmark for crude oil, fell nearly 2% to trade a little over $74 a barrel. West Texas Intermediate, the U.S. equivalent, also dropped.

Despite the president-elect’s promises, production is unlikely to surge as Wall Street demands returns over growth.

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Oil futures finished higher on Thursday, recouping their losses from a day earlier and then some, as traders continued to tackle uncertainty surrounding incoming U.S. President Donald Trump’s impact on the energy market.

During his acceptance speech, he reiterated that the US has “more liquid gold than any country in the world. More than Saudi Arabia. We have more than Russia.”

Energy markets are trying to digest what a Trump presidency means for oil & gas prices. The policies are expected to be bearish for prices, but the key upside risk is how he deals with Iran.