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Oil Prices Attempt to Snap 3-day Losing Streak
Oil futures rose Thursday morning, attempting to snap a three-day losing streak as investors weigh the outlook for Federal Reserve policy and crude demand.
The commodity boom came to an abrupt end! Basic metals fell across the board, copper and nickel fell sharply, and crude oil fell three times in a row
The minutes of the Federal Reserve meeting show that the Federal Reserve may postpone interest rate cuts due to continued inflation, thus suppressing market expectations of interest rate cuts, and crude oil prices fell in response. Lun Copper closed down 4.05%, while Lunn Nickel fell 4.4%. Some analysts pointed out that the main reason for the decline in copper prices may be related to investors starting to make a profit settlement after copper prices hit a record high, recent weakness in copper demand, and a possible increase in copper production in Peru in 2024.
Biden plans to release 1 million barrels of gasoline before US Independence Day to lower oil prices
The Biden administration will release 1 million barrels of gasoline from the northeastern US reserves to lower gas station prices before the July 4 Independence Day holiday and summer driving season.
Oil Declines as Industry Report Points to Swelling US Stockpiles
Oil extended losses after an industry report pointed to rising US crude inventories, adding to bearish signs for the market.
Unusual Options Activity: RIG, NKE and Others Attract Market Bets, RIG V/OI Ratio Reaches 151.5
EST May 21st Afternoon Delivery - In the last two hours of trading, 8 options with a high V/OI ratio were detected. With the market volatile, it's crucial to stay informed on the latest options trends
If You Invested $100 In This Stock 5 Years Ago, You Would Have $200 Today
Cenovus Energy (NYSE:CVE) has outperformed the market over the past 5 years by 5.89% on an annualized basis producing an average annual return of 19.5%. Currently, Cenovus Energy has a market capitali
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