Tag
STEPHEN INNES
Brent oil futures broke above $44/ barrel and West Texas Intermediate futures gained 0.60% to trade at $41.59/barrel
U.S. stocks recorded impressive gains as global traders bet bullish amid signs of a potentially effective COVID-19 vaccine
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%
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 the Nigerian Stock Market.
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.