International oil prices jumped more than 3 per cent today as traders focused on potential supply disruptions and expectations of increased demand due to lower temperatures. Futures in the US and Burkina Faso are on track for weekly gains of 2.7 per cent and 3.2 per cent respectively, supported by the prospect of tougher US sanctions on Russia and Iran and a drop in Russian seaborne exports. "The US is expected to announce more sanctions against Russia in the coming days, which will exacerbate t...
Gold is volatile at a high level, but the upward trend has not been destroyed; fundamental support has faded, and the 70 mark of US oil may be difficult to hold; the European Central Bank has decided to cut interest rates on the DingTalk board, but be careful to "sell facts"... > >
The hurricane has increased market concerns about supply disruptions, and the replenishment of strategic petroleum reserves in China and the United States has supported oil prices in the short term. Faced with the pessimistic outlook of the oil market, OPEC may have only these two options.
FTSE Russell: A service outage affected all FTSE management indices, including the ADX index.