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Tag: US WTI crude oil

Market Update: US Futures, Earning Reports, Global Markets, & Commodity Prices

Market Update: US Futures, Earning Reports, Global Markets, & Commodity Prices

Wall Street is set to see its busiest week as major companies release reports this week supported by the push for the $1.9 trillion stimulus package. Global markets are mixed with European markets down due to increased travel restrictions. Gold and oil prices are down.

Crude oil futures down 3%, production resumed in Libya and Norway

Crude oil futures down 3%, production resumed in Libya and Norway

US time crude oil futures fell about 3%. The force majeure clause was lifted in Libya’s largest oil field, followed by the end of a strike in the Norwegian offshore oil field and the recovery of rice production that had been suspended in the hurricane “Delta.” The liquidation price is $ 41.72 a barrel, which is $ 1.13 (2.6%) lower […]