Oil futures settled higher on Wednesday, buoyed in part by a report from Bloomberg Tuesday that said the Biden administration may consider refilling the nation’s Strategic Petroleum Reserve when crude prices dip below $80 a barrel. “While rallies are likely to be constrained by concerns over demand and China’s zero-COVID policy, we now have what is, in effect, a Biden put under the oil market,” said Michael Hewson, chief market analyst at CMC Markets UK. October WTI crude CLV22,
World indices overview: news from US 30, US 500, US Tech, JP 225, and DE 40 for 20 December 2024
Following the US Federal Reserve’s decision to lower the interest rate, stock indices saw the biggest decline since the late summer of 2024. Find out