US futures are falling again, firmly above $ 100 a brent

Futures on Wall Street are down again after yesterday’s rise, while oil prices continue to rise, with Brent at $ 101 a barrel.

WTI in New York rose 2% to $ 94.64 a barrel, while brent rose 2.15% to $ 101 a barrel.

The rise comes amid concerns that economic sanctions against Russia could cause problems in global supply chains, following yesterday’s dramatic meeting in which prices rose more than 9%.

“Initial concerns that oil could be affected by sanctions against Russia have eased, leading to a slowdown in prices relative to yesterday’s rally,” analysts said.

New York Mercantile Exchange futures are down, with the Dow Jones down 0.47%, the Nasdaq futures down 0.71% and the S&P 500 down 0.6%.

Gold prices stabilized after the big fluctuations in the previous session, when prices had risen more than 3% before closing lower, as investors reassessed the effects of the Ukrainian crisis and the new sanctions imposed by the West against Russia.

Palladium continued the rally, with traders awaiting indications of supply shortages that may have been caused by the conflict.

Gold rose 0.5% to $ 1,912 an ounce, hitting its highest level since September 2020 at $ 1,973 an ounce on Thursday.

“In the short term, investors are still assimilating, still evaluating the risks and rewards as a result of the Ukrainian invasion and the impact of Western sanctions on Russia,” a Daily FX analyst said.