Commodities
What Does The Future Hold For The World Oil Markets
Never, it would seem, has the oil market been in such a state of disarray. Brent crude, the global benchmark, hit US$117 per barrel this week for the first time since August. The spot price has been rising on concerns over where the showdown with Iran is leading. European consumers have begun to cut back on purchases ahead of an outright ban when sanctions are introduced. Meanwhile the Chinese, usually buyers of some 20 percent of Iran’s output (or about 550,000 barrels a day) are said to have cut back by 285,000 barrels in January and February,… Read more...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
|
|---|---|---|---|---|
| 12,218.62 | 1,293.71 | 2,778.62 | 15.07 |
Oil *
99.54
|
|
DOWN
174.83 |
DOWN
16.62 |
DOWN
48.72 |
DOWN
0.74 |
10 Yr
1.51%
SPDR Gold
155.50
|
|
-1.41%
|
-1.27%
|
-1.72%
|
-4.68%
|
Data delayed 20 minutes |
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