In the commodity market, oil prices are declining but are set to end the week higher. WTI slumped by almost 1.5% to $40.53, and Brent fell 1.10% to $43. Crude prices are under pressure amid fears of a slow economic recovery and weakening demand caused by the resurgence of the pandemic...
US equities tumbled on Thursday as investors focused on the accelerating number of COVID infections after an oversaturated optimism surrounding the coronavirus vaccine candidate produced by Pfizer and BieNTech...
In the commodity market, oil prices are also surging following Biden’s victory, after tumbling about 4% on Friday. Both WTI and Brent are up about 2.8%, trading at over $38 and $40.50, respectively. Crude prices are also benefiting from a weakening dollar...
Wall Street will continue to rally at the start of this week, after closing flat on Friday but securing the best weekly performance in months. Last week, stocks surged on investor hopes that Democrats would not have full control over Congress...
In the commodity market, oil prices continue to decline after a strong start of the week. Both brands have declined by over 2%, as investors are worried about weakening demand amid the fresh lockdowns imposed in Europe...
US equities continued to rally on Thursday and are set to end the week higher no matter what happens later today...
n the commodity market, oil prices are retreating after surging about 4% yesterday and gaining over 9% during the last three sessions. Both WTI and Brent are down over 1.80% as Biden is likely to win the US election...
Wall Street surged on Wednesday to extend its rally as investors are closely watching the counting of US election votes, with mail-in ballots being more complicated to count...
In the commodity market, oil prices are declining but generally moving sideways after a bullish Monday. At the time of writing, WTI and Brent futures are down about 0.30% to $36.66 and $38.76, respectively. Last week, oil prices tumbled to the lowest since the end of May...
Wall Street closed higher on Monday, with investors waiting for the US election scheduled for Tuesday. The election will definitely cause major swings until at least the end of this week...
In the commodity market, oil prices slumped to the lowest level since the end of May, as European countries like the UK and Italy are introducing stricter lockdowns amid surging COVID infections. WTI is down 4% to $34.36, and Brent has dropped by 3.58% to $36.55...
Wall Street futures recover slightly at the start of the European session on Monday, after experiencing the biggest weekly loss since March. Still, the volatility is high, and the American benchmark indexes can continue their downtrend by the end of the US session...
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...
