Investors are waiting for the significant decision of OPEC+ members to prolong oil output cuts or stop them.
Tag - oil
Oil keeps rallying for the fourth day in a row after Goldman Sachs claimed that the oil market is in deficit and also because of the recent storm in the Gulf of Mexico, which led to the sharp decline of oil production. It is the best week for oil since June!
Oil has surged to March highs amid optimistic vaccine news and the peaceful presidential transition. Read to know forecasts!
This week began with several positive news which made investors feel confident about future global economic recovery.
For the last several weeks gas was skyrocketing at an enormous pace. It has gained more than 17% from August 18. What is the reason for such moves?
Facebook blocked users in Australia from finding or sharing news. US retail sales came out much better than was expected. Crude oil keeps rising.
Stock significantly surged: S&P 500 and Nasdaq reached 6-week highs. The market sentiment may deteriorate today as Johnson & Johnson’s Covid-19 vaccine trails have been stopped because of the unexplained illness.
Oil plunged after the ship blocking the Suez Canal was partially re-floated. A $20 billion wave of block trades hit markets on Friday.
S&P 500 takes a pause near the all-time high, while the US dollar remains at the lowest levels since 2018.
Microsoft and Google have published strong earnings data. The main focus of traders is on the Fed meeting today.
What is better to trade on the week of May 10-14?
Gold is moving up to $1840. EUR/USD is attacking local highs. • Disney has published mixed financial results: earnings were well above the forecasts, but revenue was slightly worse. Besides, growth in streaming subscribers was poor.