Depending on your trading style, you either can’t wait to hear the closing bell at the end of today’s U.S. session or you’ll be extremely sorry to see this week come to an end. Either way, there’s still another two and a half weeks before the Fed’s highly-anticipated September monetary policy meeting.
In the aftermath of the biggest point drop opening in the history of the stock market open, crude oil today is battling back. As European and U.S. stock markets even as china and Japan markets fall the crude market is trying to make a run higher and get out of the $30 per barrel handle danger zone.
Iran is planning to hold an "energy summit" from Dec. 14-16, to unveil new energy contracts and highlight just how quickly they can bring their oil back into the market. Let's hope the U.S. producers can hold a summit.
Crude oil prices moved higher after the EU upped its growth forecast the day after the Saudi Foreign Minister Abdel Jubeir said the Saudi led coalition would consider ending airstrikes in Yemen for humanitarian reasons.