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Brent reclaims $86 this morning
Oil prices are on the rise again this morning. The price of September Brent is pushing above $86 per barrel as this update is typed. Yesterday Brent recovered a post CPI release low at $84.65 and that led to a recovery towards $85.75. Brent later settled, $0.32 higher on the NYMEX exchange, at $85.40. The geopolitical news emerging from the Mid East this morning is perhaps a driver behind the immediate gains today, but the fact that oil prices defied any fallout from the slide in the US tech stock markets yesterday is countered by the fact that was unique to that sector, because as we know the Dow Jones did not crumble and so the falls in the Nasdaq 100 and S+P 500 were not actually detrimental to the oil price. Brent for September delivery has just now reached a session high at $86.17. It is currently trading at $86.10
Market News
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Gold takes another hit
Just as the US stock markets were about to reopen Gold was pushing a little higher and heading back towards $3,040. Well, that move did not last long... -
Nasdaq 100 opens in the red
The US stock markets have just reopened and that opening has seen losses across all three major indexes. Of course that was always going to be the... -
US stock futures turn lower again- S+P 500 falls to indicate an opening close to 5,600
The US equity markets will soon reopen and it is not looking like a very positive start to the final session of the week. The Nasdaq 100 is now priced...
