US PRESIDENT BARACK Obama has been re-elected for another four years in the White House following a closely-fought election which came to a conclusion overnight.

Shortly after taking a call from Republican challenger Mitt Romney – in which the former governor conceded the election – Obama appeared on stage in Chicago to accept the presidency for the next four years.

Watch his speech in full:

YouTube: TheNewYorkTimes

Earlier, Romney delivered a concession speech in Boston, here’s what he said:

YouTube: TheNewYorkTimes

LIVE: the world reacts to Barack Obama’s re-election

Read: Barack Obama re-elected as US President: as it happened

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