Breaking News

OPEC + angers America because of its decision to reduce oil production

News Date: 5/10/2022 04:16:02
 

Crude oil futures declined. According to the New York Stock Exchange, crude oil futures were traded in November at a price of 86.12 dollars a barrel, ie, it decreased by 0.46%.

And in light of OPEC + preparations to reduce oil production, it is expected that this will lead to a recovery in oil prices, which fell to about $90 out of $120 three months ago, due to the rise of the dollar, the rise in the US interest rate, and the intensification of fears about economic stagnation.

This matter is expected to anger the United States, which continues to pressure Saudi Arabia to pump more oil, in order to lower prices and reduce Russia’s revenues from crude exports.

 

Gold futures also fell 0.13%. It traded in December at $1,728.2 an ounce.

 

With the end of yesterday’s trading, US stocks closed higher, pulling their indices to the upside ;

The Dow Jones Industrial Average rose by 2.80%, while the Standard & Poor’s 500 Index increased by 3.06% and the Nasdaq Index rose by 3.34%.

 

On the Tokyo Stock Exchange, the Nikkei index rose at the beginning of trading today by 0.81% to reach 27211.32 points, while the Topix index increased by 0.8 percent to reach 1922.22 points.

OPEC + angers America because of its decision to reduce oil production

Latest news

Wall Street closed lower on Tuesday, in light of investors’ concern about the Federal Reserve raising interest rates and amid increasing talk of an expected recession. Stocks pulled their indic
12-2022 07 02:24:50

The US stock markets ended Monday’s trading on a decline, pulling the stock indices downwards, and recording losses in each of the following sectors : the oil and natural gas sectors, the finan
12-2022 06 02:51:29

The dollar fell broadly on Monday after a difficult week, after more Chinese cities, including financial hub Shanghai and Urumqi in the far west, announced easing restrictions related to Covid-19, wh
12-2022 05 03:14:06

After the speeches delivered by Federal Reserve Chairman Jerome Powell, announcing that the interest rate will rise by 50 points instead of 70 points, gold prices rose by more than 2% to reach levels
12-2022 02 03:06:59

US Federal Reserve Chairman Jerome Powell announced the decision to slow the rate of interest rate hikes, starting in December, and stated that inflation is still very high, and that interest rates w
12-2022 01 02:57:28

More News

Logs

Advertisements