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5 Important Developments Affecting the Markets - Oil Prices
5 Important Developments Affecting the Markets - Oil Prices; Crude oil prices fell after the comments from officials in OPEC countries.
Yazar: Charles Porter
Yayınlanma: 26 Ekim 2021 21:17
Güncellenme: 20 Aralık 2024 22:15
5 Important Developments Affecting the Markets - Oil Prices
5 important developments affecting the markets on Tuesday, October 26; Tesla's (NASDAQ:TSLA) market cap reached $1 trillion after signing a key contract with leasing firm Hertz Global Holdings (OTC:HTZZ). Facebook (NASDAQ:FB) moderated the impact of slowing revenue growth with a large increase in its buyback program. General Electric (NYSE:GE) and UPS take the pre-opening earnings ball as Microsoft (NASDAQ:MSFT) and Google (NASDAQ:GOOGL) prepare to report earnings after the close. Janet Yellen and Liu He are struggling to move forward on business matters, and the American Petroleum Institute is revising its forecasts for US crude inventories as prices approach seven-year highs.5. Oil Prices Are Slowing Down Ahead of API
Crude oil prices fell below the highest levels reached on Monday, following a series of comments by OPEC officials on production policy. Attention will now turn to the release of US inventory data from the American Petroleum Institute, which is expected to show a modest increase of just over 1 million barrels. Other U.S. data, including home price data, the Conference Board consumer confidence index, and the Richmond Fed business survey, may also have an indirect impact on markets. As of 6:30 AM ET, US crude futures were down 0.5% to $83.38 a barrel, while Brent Oil futures were down 0.2% to $85.00 a barrel. Source: Investing.com You may also be interested in: 5 Important Developments Affecting the Markets - Janet Yellen And Liu HeİLGİLİ HABERLER
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