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Tag: Nymex

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Equity News

U.S. Indices: Investor Remained On Backfoot On Wednesday

The markets traded without any obvious enthusiasm Wednesday. Extremely contradictory news is the reason for this, which does not yet allow investors to decide on a possible continuation of the movement. A number of pharmaceutical companies, on the one hand, are not only close to completing the development of a coronavirus vaccine, but have already applied for registration. On the other hand, Joe Biden, who so encouraged investors with his promises to restore global trade and stop trade wars during the presidential election, unexpectedly said that he was not yet ready to grant any concessions to China and was ready

Trading Signals

Oil And Dollar Dropped, Gold And Euro Gained on Tuesday

Oil continues to decline on Tuesday, although the group of oil producing countries OPEC has not yet succeeded in reaching an agreement on their production levels for the coming months. For the January Nymex contract, the price of U.S. light crude (WTI) fell 1.7 percent to $44.55 a barrel, while the Brent contract for delivery in January declined 1 percent to $47.45. In November, in the expectation of a rebound in crude demand in 2021, but also an expansion of the OPEC supply cuts, WTI’s share price soared by more than 26 percent and Brent picked up 27 percent. The

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Equity News

Oil Rose While Gold Dropped On Monday

On Monday, oil prices continued to grow at their highest level in almost three months, hoping for a demand rebound in 2021 and an extension of OPEC supply cuts past 31 December. On 30 November and 1 December, the representatives of the OPEC+ will meet. For the December Nymex contract, the price of U.S. light crude oil (WTI) rose 2.15 percent to $43.06 a barrel on Monday, the highest since August 26. The January distribution Brent contract rose 2.45 percent to $46.06. WTI has peaked at 20.3 percent since the start of November and Brent has recovered almost 23 percent

Market Activity

U.S. Indices Going Through Corrections As Covid Cases Increased

On Wednesday, the Dow Jones index fell marginally at the close by -0.08 percent at 29,397 points, after rising more than 10 percent in a week, and near to its last all-time high of 29,551 points, set before the health crisis on February 12. The S&P 500’s wide index gained 0.77% to 3,572 points, near to its September 2 high of 3,580 points. After a correction of around 3 percent in two days, the Nasdaq Composite, rich in technology and biotech stocks, rebounded 2 percent to 11,786 points. After gaining more than 2 percent in the session, oil picked up

Equity News

Gold Recovering, Oil Rebounds, Dollar Stabilizes While Fed’s Boston Chief Supporting Greater Economic Assistance

Gold has recovered its color on Tuesday after getting a blow on Monday due to the return of risk appetite. After slipping the highest one-year decline of 5 percent in more than seven years on Monday for the Comex Futures contract, Gold gained 1.2 percent to $1,876.4 on Tuesday. In the expectation of an anti-Covid vaccine, oil prices continued to climb on Tuesday: the December contract for the barrel of U.S. light crude (WTI) took 2.7 percent to $41.36 after an 8.5 percent leap on the Nymex on Monday. After a 7.5 percent jump the day before, the Brent contract