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Daily Analysis: Oil Turns South as Stocks Remain Steady

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Daily Analysis: Oil Turns South as Stocks Remain Steady

Introduction

This article was posted on Thursday, 16:22, UTC.

Thursday Market Recap Asset Current Value Daily Change S&P 500 2340 -0.27% DAX 12016 0.10% WTI Crude Oil 50.86 -3.84% GOLD 1282.00 0.22% Bitcoin 1220 0.67% EUR/USD 1.0767 0.53%   The volatile period in crude oil continued yesterday, as the surprising gasoline inventory build in the US triggered a large sell-off in the world’s most traded commodity. The WTI contract fell back to trade with a $50 handle after hitting $54 per barrel last week. Stock markets remained weak despite the easing geopolitical fears, as investors are still cautious before the French election this weekend. The recent polls show a…

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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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