Oil stable as news moves the market up and down
Oil benchmarks were mixed yesterday, they started moving up, the Brent reached $106.35/b, then the market made a U-turn and Brent touched $103.27/b to end…
After a turbulent week, during which it focused on problems linked to vaccines and the catastrophic surge in the pandemic in India, the market seems calmer after the release of very encouraging PMI reports and ahead of a Fed meeting this week as well as corporate earnings that are expected to be good, especially for the tech sector. US equities were strongly on the rise on Friday, bond yields are edging up and the USD keeps on weakening: the EUR/USD exchange rate is now trading above 1.21.
Get more analysis and data with our Premium subscription
Ask for a free trial here
Don’t have an account yet?