Crude oil prices up 12% in barely 4 days, triggered by OPEC+ proposed cuts
Crude oil prices recorded impressive gains amid high hopes that leading oil producers will suspend plans on increasing oil supply.
Crude oil prices recorded impressive gains amid high hopes that leading oil producers will suspend plans on increasing oil supply.
On a W/W performance review, the Spanish Stock index, IBEX up 13.13%, and French Stock In CAC 40 up 12.59%Â
At about 10.05 am Nigerian time on Tuesday, November 10, Gold futures were up 1.69% at $1885.60.
High volatility is anticipated on the bias that the Banking index remains by far the most liquid and traded on ...
Brent oil futures gained 2.71% to $40.53 and West Texas Intermediate futures soared higher by 2.91% to trade $38.22.
Traders are anticipating more stimulus packages under a blue party in power, and a more dovish central bank approach.
Brent crude prices closed 3.62% lower to settle at $39.45 a barrel, WTI dropped 4.25% to settle at $37.14/Barrel.
Crude oil prices rallied higher with the bias that OPEC+ is likely to extend its oil production cut.
Gold futures traded at around $1,891/ounce as the weaker dollar helped move prices upward.
Blue-chip Dow just ended the month of October with a 4.6% loss, its worst monthly performance since March.
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