Observing news today one can easily get disappointed. However, things are getting better.
Crude goes down as flooding from Harvey affects US crude industry
On Friday, American crude futures declined in Asia trade, partly reversing steep revenues from the previous trading session, amid everlasting turmoil in the crude industry with almost a quarter of American refining capacity offline.
American West Texas Intermediate crude futures slumped 0.6% being worth $46.96 barrel. On Thursday, the contract rebounded 2.8%, though still heading for a weekly dip of 1.9%.
November delivery Brent contract sagged 0.2% reaching $52.78 barrel. As for the contract for October delivery that concluded on Thursday, showed a 2.99% soar trading at $52.38 a barrel.
American gasoline futures have ascended more than 28% reaching a two-year maximum above $2 a gallon, underpinned by concerns of a fuel shortage a couple of days ahead of the Labor Day weekend's ascend in driving in the USA.
Meanwhile, September delivery gasoline contract managed to settle up 13.5% being worth $2.1399 on the final day of trading of the contract. As for October delivery gasoline contract, it slumped 0.2% trading at $1.7750.
XAU/USD reversed down from the $1,700 area and dropped to $1,586 on March 12.
Oil market crashed after OPEC+ didn’t agree on production cuts. What’s next? Let’s see what bank analysts have to say about this.
US Fed comes right on time with the crisis support program announcement. How does the stock market react?
We could gain from buying emerging-market currencies such as South African rand, Mexican peso and Brazilian real.
Here are the most important topics that will determine the dynamics of currencies, commodities and stocks on Thursday, April 9. N