In the commodity market, oil prices are down about 1% after failing to continue recovery. Both WTI and Brent crude brands are set to end their worst month since March, as the more aggressive pandemic is damaging global demand...
Market sentiment has quickly deteriorated ahead of contentious US election and surging Covid outbreak. Markets have been blissfully ignoring warning signs for much for the autumn, but no longer...
In the commodity market, oil prices are trading in the positive territory after plunging over 5% to four-month lows amid a spike in COVID cases. Also, the US Energy Information Administration said that crude inventories rose more than anticipated last week as production jumped in a record build...
Wall Street experienced its worst day in about four months on Wednesday, with all benchmark indexes falling well over 3%. Investor sentiment was damaged by fears of the second wave of the pandemic, as the number of COVID cases surged in the US and globally...
In the commodity market, oil prices are declining after a bump on Tuesday. The surging number of COVID cases is putting serious pressure on oil demand. Also, the American Petroleum Institute said that US crude and gasoline stocks rose more than expected last week...
Wall Street indexes took different routes on Tuesday after a wobbling session. The Dow and the S&P 500 extended their losses (0.80% and 0.30%, respectively), while Nasdaq rose 0.64% to recover part of the losses...
On Monday, Wall Street saw the worst performance in October so far, with Dow Jones showing the biggest slump since September 3. Investors reacted to the surging number of COVID-19 cases in the US and the stimulus negotiations impasse...
On Monday, Wall Street saw the worst performance in October so far, with Dow Jones showing the biggest slump since September 3. Investors reacted to the surging number of COVID-19 cases in the US and the stimulus negotiations impasse...
In the commodity market, oil prices have tumbled by over 2% on the news that the US saw a record number of coronavirus cases, while the pandemic is worsening in Europe as well...
Wall Street is set to open the week lower judging by the futures on the three benchmark indexes in early trading on Monday. This is the last trading week ahead of the election, and investors may take profits and turn to the wait-and-see mode...
In the commodity market, oil prices gained from the comments made by Russian President Vladimir Putin, who expressed his readiness to extend record production cuts in the wake of the pandemic. However, crude prices gave up their recent gains amid fears that the second wave would hurt demand...
US shares closed higher on Thursday on hopes that the next stimulus package would be voted soon and would support the economy hit by the pandemic...
In the commodity market, oil prices continued the bearish trend after the Energy Information Administration (EIA) reported a 1.001 million barrel draw last week, which is smaller than analysts’ expectations of a 1.021 million-barrel draw...
Wall Street gave up Tuesday gains and ended lower after a wobbling session on Wednesday. The markets were under pressure as investors continued to watch the tough negotiations between Republicans and Democrats to deploy another package of coronavirus relief...
In the commodity market, oil prices have declined as investors are worried about oversupply after an unexpected increase in US crude inventories...
Wall Street edged up on Tuesday, recovering part of previous losses. However, the three indexes departed from session highs. Investors priced in the cautious optimism surrounding the stimulus negotiations between Republican and Democrat lawmakers...
In the commodity market, oil prices continue to decline for a fourth straight session on Tuesday morning, as investors are worried that the second wave of the pandemic is hindering the recovery in fuel demand. Still, the two crude brands are trading sideways on larger timeframes...
US equities extended last week losses and fell to the lowest level since October 8, as investors are worried that Republicans and Democrats wouldn’t reach an agreement on the next stimulus package ahead of the deadline set for Tuesday...
In the commodity market, oil prices have declined after China’s GDP data failed to match forecasts. Still, the larger timeframes show that gold has been moving sideways since the end of June. Investors are worried about weakening crude demand dragged down by the COVID crisis...
