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Wall Street Retreats as Oil Prices Continue to Rise, ASX Set to Slip
- ASX 200 Index futures point to a 0.5% decline on Monday, set to open at 8774 points following Friday's weak session on Wall Street.
- Global oil prices surged 3.1% to $US116.72 per barrel, reaching their highest level since April as traders assessed risks of a broadening conflict in the Middle East.
- Wall Street's S&P 500 fell 0.5% on Friday, though energy stocks gained 2.5%, reflecting investor anxiety over inflation and artificial intelligence infrastructure costs.
- Reserve Bank of Australia interest rate hike odds have risen to two-in-three, with officials scheduled to face the Senate Estimates Committee on Wednesday.
- Following the appointment of UK-based biotech executive Deborah Waterhouse as new chief executive, CSL shares fell 2.4% as the board announced chair Brian McNamee will step down.
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atvbl.rsOpportunities for increasing US oil production remain uncertain
·Belgrade, Serbia
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The price of Brent oil, of reference in Europe, fell by 1.67% to slightly below $115 per barrel, despite the fact that the Houthi forces have launched several military operations with ballistic missiles and drones against various Saudi Arabian targets, including the Rey Khalid International Airport in Riyadh and several other ... Continue reading "The prices of oil fall despite new attacks by the Houthis on oil fields"
·Concepción, Chile
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Coverage Details
Total News Sources346
Leaning Left30Leaning Right45Center45Last UpdatedBias Distribution38% Center, 37% Right
Bias Distribution
- 38% of the sources are Center, 37% of the sources lean Right
38% Center
L 25%
C 38%
R 37%
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