Energy Markets – Jahanagahi
Categories
Markets

Oil prices come under renewed pressure as market looks for direction

Oil prices traded lower on Thursday, reversing some of the previous day’s gains as the commodity market tries to find its footing amid a demand and supply tug of war. price-action West Texas Intermediate crude for June delivery CL00, -1.59% CLM22, -1.59% CL.1, -1.59% fell around $1.84, or 1.8%, to $103.78 a barrel. The contract […]

Categories
Markets

Stock Futures Fall Ahead of Producer-Price Data

May 12, 2022 3:40 a.m. ET US stock futures slipped ahead of producer-price figures, a day after consumer-inflation data showed signs of moderating but still came in ahead of economists’ expectations. Futures on the S&P 500 were down 0.5% and futures on the Dow Jones Industrial Average slipped 0.4%. The contracts don’t necessarily predict market […]