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Daily Analysis: Oil Surges on OPEC-Deal Extension as Ripple Tests Highs

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Daily Analysis: Oil Surges on OPEC-Deal Extension as Ripple Tests Highs

Introduction

This article was posted on Monday, 16:40, UTC.

Monday Market Recap Asset Current Value Daily Change S&P 500 2397 -0.43% DAX 12760 -0.05% WTI Crude Oil 49.55 3.24% GOLD 1235.00 0.60% Bitcoin 1753 -2.05% EUR/USD 1.0979 0.43%   Stock markets shrugged off one of the biggest hacker attacks in history as a non-event, despite the broad coverage by the media, as the main global benchmarks opened the week virtually unchanged, with some notable weakness in Europe. Saudi Arabia and Russia provided the news of the day so far, as the two energy ministers announced a 9-month extension of the OPEC’s crude oil production cut, causing an almost 4%…

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Mate Cser

Mate Cser

Trader and financial analyst, with 10 years of experience in the field. An expert in technical analysis and risk management, but also an avid practitioner of value investment and passive strategies, with a passion towards anything that is connected to the market.

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So this gives a whole new meaning to the term…