» » Gulf Producers Boosted Oil Prices by Hinting More on Output Cut

0
Crude oil rebounded on bargain hunting and as news reported that Gulf OPEC members pledged to cut their peak output. The front-month WTI contract rose +1.1% to settle at 49.72, while the Brent contract added +0.98% to close at 50.47 for the day. Equities were a tad softer as investors turned to bonds for the lucrative yields. Wall Street weakened with DJIA and S&P 500 indices losing -0.165 and -0.3% respectively. Soaring of Fed funds rate hike hopes sent Treasury yields to highest levels in 5 months.


from Oil N' Gold Focus http://www.oilngold.com/ong-focus/insights/gulf-producers-boosted-oil-prices-by-hinting-more-on-output-cut-2016102833766/
ad

Share to:

Enregistrer un commentaire

Emoticon
:) :)) ;(( :-) =)) ;( ;-( :d :-d @-) :p :o :>) (o) [-( :-? (p) :-s (m) 8-) :-t :-b b-( :-# =p~ $-) (b) (f) x-) (k) (h) (c) cheer
Click to see the code!
To insert emoticon you must added at least one space before the code.

Inscription à : Publier les commentaires (Atom)
 
Top