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Crude Futures Steady Awaiting U.S. Inventories Data -- Market Talk
0847 ET - Oil futures are treading water ahead of the EIA's weekly inventories data which is expected to show draws in crude and gasoline stocks. Analysts note the large 9.2 million-barrel drawdown in
WTI Price Analysis: Consolidates Above Mid-$82.00s, Bullish Potential Seems Intact
WTI struggles to gain any meaningful traction, though the bias seems tilted in favor of bulls.
CSC: Gold prices continue to fluctuate, crude oil product is a highlight in the current major asset categories.
Looking ahead, oil prices have rebounded strongly in the past month, and are expected to drive inflation back up. The rise of the US stock market from Q1 2023 to Q1 2024 benefited from the smooth decline of inflation, but after inflation rises again in the future, the US stock market will still enter a period of correction. It is recommended to reduce holdings at high levels.
Oil Edges Higher on Signs of Major Drawdown in U.S. Inventories
Oil climbed to trade near a two-month high on signs of a significant drawdown in US crude stockpiles.
RBC Calls Itself 'A Nervous And Jumpy Bull' As It Raises S&P 500 Outlook
RBC Capital Markets raised its outlook on the S&P 500 Index for the second half of this year, but it is doing so with trepidation.The investment bank lifted its 2024 price target for the S&P 500 from
Crude Oil Churns on Tuesday, but Losses Limited After Steep API Drawdown
West Texas Intermediate (WTI) US Crude Oil briefly clipped into a nine-week peak just shy of $84.00 per barrel on Tuesday before mid-US session market flows pulled barrel bids back down to $82.50.