Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
Brent on the rise towards $74 ahead of IEA report due at 9am GMT
Very shortly, at 9am GMT the International Energy Agency (IEA) will release their latest oil market report. We have already seen how OPEC had to admit defeat and lower their 2024 demand outlook earlier in the week and it seems likely the IEA will follow suit shortly? As to what they might project for 2025 is perhaps a different matter though. Ahead of this oil prices have been on the rebound and yesterday the price of Brent crude for February delivery lifted close to $73.75 per barrel. It later settled $1.33 higher on the NYMEX exchange, at $73.52. The price action this morning has seen it push higher, towards $74 per barrel. It will be interesting to see how it might react to this IEA report. Brent for February delivery is currently trading at $73.92
Market News
All News-
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...
