Express News | Shares of Oil and Gas Companies Are Trading Higher as Tensions Rise in the Middle East After Israel and Hezbollah Fired Missiles Across the Lebanon Border. Additionally, Recent Reports Suggested Libya Shut Down Oil Production
Oil prices rise more than 3%! "Double Storm" in the Middle East situation upgraded + Libya suspends exports.
The eastern government of Libya announced today that it has halted all crude oil production and exports. Concerns about disruptions in crude oil supply have soared due to the large-scale attack on Israel announced by Hezbollah yesterday. Brent crude oil touched $81 at one point today, while WTI crude oil rose above $77.
Pepe Price Forecast: PEPE Poised for a 15% Slump as It Fails to Overcome Key Barrier
Is the rebound fading? Goldman Sachs: Hedge funds are selling stocks at the fastest pace in more than two years.
In August, 'smart money' is selling global equities at the fastest pace since March 2022, with the most net selling in North America. Hedge funds are skeptical of the sustainability of the stock market rebound, and geopolitical concerns continue to be worrying. The 'fly' of the economic situation may soon hit the glass windshield.
The bulls and bears are deadlocked, and oil prices are hovering in the range of 75-90 US dollars.
The trend of significant volatility in oil prices at the beginning of August has quickly reversed and is currently hovering in the range of $75-90.
Bain & Company: Large-scale M&A transactions are mainly concentrated in the nengyuanhangye industry. M&A activities in the technology industry remain active.
Bain & Company releases its mid-year report on the global M&A market for 2024.
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