Tag: Crude Oil (NYMEX:CL.K17.E)

Hello MarketClub members everywhere. The markets are mixed Wednesday as traders assess the start of Brexit, which is Britain's divorce from the European Union. Of course, this was expected, and the market's reaction shows that.

Crude oil is on the move today, gaining almost 2% on the second day of gains. This came after the government reported a larger-than-projected decline in U.S. gasoline inventories.

Key levels to watch this week: Continue reading "Markets Mixed As Brexit Starts" →

Hello MarketClub members everywhere. Stocks have bounced back from their session lows as traders turn their attention to some key White House proposals that include tax reform.

The Dow was down as much as 183 pts this morning, continuing an eight-day streak of losses The S&P 500 pulled back 0.1%, also off its session lows. The Nasdaq has recovered from earlier losses to trade 0.2% higher.

Crude oil has fallen today, continuing the trend from last week as a pledge by OPEC-led producers to consider extending their output cut deal failed to excite traders. They expressed concern that they will need more time to trim global stockpiles.

Key levels to watch this week: Continue reading "Stocks Recover From Early Losses" →

Hello MarketClub members everywhere. The markets are relatively unchanged on the day as traders await the outcome of the vote on the healthcare bill that is seen as a test of President Donald Trump's ability to pass his legislative agenda through Congress.

Stocks suffered their worst day of the year on Tuesday of this week, largely due to the concerns about the healthcare vote. The DOW and S&P 500 indexes recorded their first 1% declines since Oct. 11, 2016.

Key levels to watch this week: Continue reading "Stocks Stuck On Hold As Healthcare Vote Looms" →

Hello MarketClub members everywhere. The stock market is mixed today as traders continue to watch and listen to developments regarding the House's health care proposal and falling oil prices.

The markets suffered their worst day of the year on Tuesday with the DOW falling 237 points, this was largely due to fears that a prolonged battle in Congress to repeal and replace Obamacare could delay tax reform, deregulation and government spending.

U.S. crude oil futures have fallen 1.2% to a new 3 month low of $47.01 per barrel after the American Petroleum Institute said Tuesday afternoon that U.S. inventories increased by 4.5 million barrels.

Key levels to watch this week: Continue reading "Oil And Health Bill Vote Drag The Markets Down" →