“Our work is the presentation of our capabilities”. – Edward Gibbon Jobs Update Stocks closed mixed on Friday of last week and higher week over week The DOW closed higher on Friday of last week, up 113.89 points (0.33%), closing out the week at 34,509.03, up 774.15 points week over week. The S&P 500 closed […]
Oil prices experienced a decline of more than a dollar per barrel on Friday due to a strengthening dollar and profit-taking by traders following a strong rally. Brent crude futures settled at $79.87 per barrel, down 1.8%, while U.S. West Texas Intermediate crude futures fell 1.9% to $75.42 a barrel. The strengthening of the U.S. […]
Oil prices jumped over 1% on Thursday, hitting their highest level in almost three months. This surge came after U.S. inflation data hinted that interest rates were nearing their peak. Brent crude futures soared by $1.25 to settle at $81.36 per barrel, the highest since April 25. Similarly, U.S. West Texas Intermediate crude futures climbed […]
Today, oil prices settled higher as Brent futures surpassed the $80 per barrel threshold for the first time since May. Brent settled higher by 71 cents, or 0.9%, reaching $80.11 per barrel, while U.S. West Texas Intermediate (WTI) crude settled with a gain of 92 cents, or 1.2%, at $75.75 per barrel. The surge in […]
Oil settled at 10-week high today on a weaker U.S. dollar, rising demand forecasts and production cuts. U.S. West Texas Intermediate (WTI) crude rose $1.84 per barrel, or 2.5% per cent, to settle at $74.83 per barrel. Brent futures rose US$1.71 per barrel, or 2.2%, to settle at US$79.40 per barrel. Brent’s settlement was its […]
Oil prices experienced a slight decline today due to weak economic data from China and mounting concerns about global demand. Both WTI and Brent crude saw a minor drop, with WTI trading down $0.87 or 1.18% to close at $72.99 and Brent trading down $0.78 or 0.99% to close at $77.69. The weak economic data […]
The return we reap from generous actions is not always evident. Francesco Guicciardini Jobs Update Stocks closed lower on Friday of last week and lower week over week The DOW closed lower on Friday of last week, down -187.38 points (-0.55%), closing out the week at 33,734.88, down -672.72 points week over week. The S&P […]
Oil prices climbed about 3% to a nine-week high on Friday as supply concerns and technical buying outweighed fears that further interest rate hikes could slow economic growth and reduce demand for oil. Both contracts closed at their highest prices since May. “We’re knocking on the door of a major breakout to the upside. I […]
Oil prices were flat today as the market balanced tighter supplies with higher likelihood of a US interest rate hike. Minutes released on Wednesday showed that a united U.S. central bank agreed to hold rates steady at its June meeting to buy time and assess the need for further hikes, though most attendees expected they […]
Oil prices were higher today, gaining about 3% in a post-holiday response to supply cuts announced on Monday by Russia and Saudi Arabia. The Saudis announced Monday that they have agreed to extend their 1MM/bpd supply cut through August. There was no WTI settlement on Tuesday because of the U.S. holiday, so trade on Wednesday […]