U.S. Stocks Moving Back To The Upside Amid Earnings Optimism
Analysts say 29% S&P 500 earnings growth is expected this summer, helping tech shares recover after last week’s selloff.
- Brent crude prices reached $117 as of Friday, marking a third consecutive weekly advance after rallying 5 percent this week.
- President Donald Trump stated he is no longer negotiating with Iran and expects to resume the conflict after the November midterms, having remarked the U.S. has "knocked the hell out of them."
- Israeli Prime Minister Benjamin Netanyahu views regime change as the only solution for peace, while Iran stated it has strengthened its capabilities and remains ready for asymmetric warfare.
- Investors and traders speculate energy prices will continue rising in anticipation of renewed conflict, with analysts forecasting Brent will either increase or hold value daily until the November midterms.
- Energy markets remain sensitive to potential disruptions through the Strait of Hormuz, with this price surge reaching its highest level since the onset of the Russo-Ukrainian war.
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516 Articles
Gas prices on pace for record
US ECONOMY
Brent crude hits 6-month high above $116 per barrel as Houthi strikes fuel supply fears
US West Texas Intermediate rises 3.8% to $103.27 a barrel.Brent rises 6%, while West Texas Intermediate advances 2.3%.UAE reports oil spill, adding to concerns over regional energy risks.Oil prices climbed...
NYT: Global Oil Price Spikes To Above $117/Barrel
The New York Times reports: Oil prices rose further on Friday, as hostilities across the Middle East continue to raise fears in the energy markets that the oil supply from the region would remain throttled. The price of Brent crude, the international oil benchmark, jumped above $117 a barrel on Friday, taking its increase for … The post NYT: Global Oil Price Spikes To Above $117/Barrel appeared first on Joe.My.God..
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