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What's Happening in the Oil Market?
Recently, there has been renewed attention on the oil market due to Saudi Arabia's production cut measures in July. The country reduced its daily output to9 million barrels in response to concerns about a global economic slowdown leading to a decrease in oil prices. This has put pressure on international oil pri...
What's Happening in the Oil Market?
Recently, there has been renewed attention on the oil market due to Saudi Arabia's production cut measures in July. The country reduced its daily output to9 million barrels in response to concerns about a global economic slowdown leading to a decrease in oil prices. This has put pressure on international oil pri...
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A new round of military conflict broke out between Israel and Palestine on the Oct 7th, with Hamas launching military action against Israel and Israeli forces launching multiple rounds of airstrikes on the Gaza Strip. The conflict is still ongoing, and its impact on the market will depend on its duration, intensity, and whether it spreads to other parts of the Middle East.
Agustin Carstens, General Manager...
Agustin Carstens, General Manager...
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Iran has launched drones at Israel, will take hours to arrive: Israeli military
Oil prices will almost surely be affected. I would expect a gap up in price when futures markets open tomorrow. Expect gas price to jump as well. None of this will be good for inflation.
$Crude Oil Futures(JAN5) (CLmain.US)$ $Brent Last Day Financial Futures(JAN5) (BZmain.US)$ $RBOB Gasoline Futures(JAN5) (RBmain.US)$ $United States Oil Fund LP (USO.US)$ $United Sts Brent Oil Fd Lp Unit (BNO.US)$ $Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares (GUSH.US)$
Oil prices will almost surely be affected. I would expect a gap up in price when futures markets open tomorrow. Expect gas price to jump as well. None of this will be good for inflation.
$Crude Oil Futures(JAN5) (CLmain.US)$ $Brent Last Day Financial Futures(JAN5) (BZmain.US)$ $RBOB Gasoline Futures(JAN5) (RBmain.US)$ $United States Oil Fund LP (USO.US)$ $United Sts Brent Oil Fd Lp Unit (BNO.US)$ $Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares (GUSH.US)$