Oil up as Fed’s Bostic hints at another hold on rates and likely 2024 cut
Investing.com - If there’s nothing greatly new in your own market to prop it up, you can always borrow a fundamental or two that weakens your rivals — in this case, US Treasuries and the dollar.
Bostic also helped offset an utterly bearish mood that gripped markets shortly after the Labor Department reported earlier on Tuesday that the number of job openings in the United States rose more than expected in August, chipping away at some of the confidence the Fed may have had in its fight against inflation.
“WTI’s decline paused at around the $86 horizontal support and is beginning to show some recovery to $90,” said Sunil Kumar Dixit, chief technical strategist at SKCharting.com. “Short term, however, a decisive breakout above $91 will be required to give the rebound steam.”for the most-active December contract was at $91.02, up 31 cents, or 0.3%. The global crude benchmark plunged to a three-week low of $90.36 on Monday, losing more than 6% over three previous days of trading.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
The Most Wearable Fall 2023 / Winter 2024 Fashion Trends 2023 / 2024 » Fashion AllureCompilation of the hottest trends in clothing based on fall 2011 winter 2012 runways. What’s en vogue this season? Find out here!
Lire la suite »
street style 2023 / 2024 » Fashion AllureLatest Fashion Trends, Shoes and Accessories, Celebrity Style
Lire la suite »
jewellery 2023 / 2024 » Fashion AllureLatest Fashion Trends, Shoes and Accessories, Celebrity Style
Lire la suite »
sunglasses 2023 / 2024 » Fashion AllureLatest Fashion Trends, Shoes and Accessories, Celebrity Style
Lire la suite »
Jimmy Choo 2023 / 2024 » Fashion AllureDato’ Jimmy Choo, OBE Jimmy Choo Yeang Keat, is a Malaysian fashion designer based in the United Kingdom. He is best known for co-founding Jimmy Choo Ltd that became known for its handmade women’s shoes.
Lire la suite »