The US is expected to use export restrictions to ease domestic fuel prices. Last week’s crude oil inventories are expected to drop. India’s oil minister says $110 a barrel is unsustainable. There have been minimal movement for crude oil futures (CL) prices in the past two days as investors are waiting for crude oil inventory Read More…
The Fed’s rising interest rates weigh on crude oil futures. Reduced global growth results in low demand for crude oil. China’s loose restrictions on Covid may boost the prices of oil. Crude oil futures (CL) price continues to maintain an uptrend; however, we’ve seen some downside retracement in the past few days as a firm Read More…
Crude oil futures soar above $115.00 as supply shortage remains a key concern. Litasco becomes the main trader for Eastern Europe. OPEC production is still well below the level of last April. On Tuesday, crude oil futures (CL) had significant gains, soaring to fresh weekly highs above $115.00. The commodity benefits from the recent supply Read More…
Nasdaq 100 index (NQ) faces bearish pressure with a 27% loss from year to date. Tech giants have seen a shift in their positions amid the recent meltdown. Fed’s aggression to curb inflation seems not to work. So rate hike plan may be fueled by the Fed. The Nasdaq 100 index (NQ) futures were expected Read More…
The British pound (6B) rose more than 0.50% after hitting a 22-month low. The US dollar pauses the uptrend and corrects lower before the weekend. The Bank of England’s rate hike plan may not help the pound prevent further losses. Over the weekend, the British pound (6B) rose half a percentage point as the pound Read More…
Nasdaq gains amid upbeat reports of Meta Platforms. Overall, the index is expected to close the month with about 12% losses. Disappointing earnings reports of Netflix and Alphabet may weigh on the NQ. After a two-day decline, futures on the Nasdaq 100 (NQ) gained up to 2.2%, around 13,340. However, the index pared off gains Read More…
