Oil continues its downward trend, driven by relentless pressure on prices due to significant and long-term surpluses of the commodity in the market. Some investors were waiting for the monthly OPEC report as a source of information to support demand, but these proved insufficient.
As a result, WTI and Brent oil contracts are losing about 1.4%.
OIL.WTI (H1)
Source: xStation5
Daily summary: Nvidia fails to rescue Wall Street; fears of an AI bubble push stock markets down❗
🚨US100 erases all daily gains
BREAKING: NATGAS muted after almost in-line EIA data release 💡
Palo Alto - after Earnings