US STOCKS HIT RECORD HIGHS DESPITE WEAK NFP REPORT
Wall Street stocks climbed despite the US Labor Department releasing a [...]
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Expert's opinion from FXFinPro
Our outlook for oil remains negative
The price of Light Sweet crude oil shows a positive dynamics on the news of the reduction in US production to 8.8 million barrels per day. In addition, US crude oil inventories last week fell by 3.4 million barrels, against an expected rise of 0.1 million barrels. At the same time, supply disruptions from Nigeria and Libya also support the price of oil. On the other hand, Iran, Saudi Arabia and Russia continue to increase the amount of production that offsets the reduction in US production. We expect the resumption of the negative dynamics of oil prices in the near future, with the potential return of price to the level of 40 dollars per barrel.
More detailed analytics you can see at our site https://fxfinpro.com/en/analytics
Thursday, 12 May, 2016 / 9:29
Trading news
NFP disappointment hammers dollar, sends stocks flying
· Soft US employment report eases fears around stimulus rollback [...]
Shares of Moderna fell on Thursday, despite the company reporting its first profitable quarter
Moderna not only recorded profits for the first quarter, but also raised the [...]
