Oil Giant YPF Surges 40% After Outsider Wins Argentinian Presidential Election

The New York-listed shares of Argentinian oil and gas firm YPF SA (NYSE: YPF) jumped by 42% early on Monday after far-right outsider Javier Milei won the presidential election in Argentina in a victory over his left-wing rival, current economy minister Sergio Massa. Milei won the presidency in a runoff vote on Sunday amid a severe economic crisis in Argentina. Weeks before the election, Argentina was rocked by an unprecedented shortage of gasoline, with drivers running the gauntlet to find scarce supplies of gas to fill their tanks…