Oil posts biggest gain in one day with 24% spike

walidchabir (48)in #currency • 5 years ago

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Oil takes a step back after record gains

Oil prices jumped more than 24 percent yesterday following comments by Donald Trump that Saudi Arabia and Russia have reached an agreement to end the oil price war. However, as no announcement was made by any party, investors were skeptical today, resulting in a correction of more than 5%.

OIL
OIL | Oil

25.29 -0.87 (-3.33%)

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75% purchase

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Headlines: US markets await NFP report

Employment data is expected to hit Wall Street today: Unemployment in the United States hit a new record yesterday, doubling last week's record with 6.6 million new jobless claims. Today at 1:30 p.m. GMT, the markets could be affected more by new employment figures, notably the monthly NFP report and the overall unemployment rate, shedding light on the impact of the coronavirus. For the latest information on the global impact of the pandemic.

Futures contracts indicate a downward opening: after yesterday, the DJ30, the SPX500 and the NSDQ100 closed higher despite the peak of unemployment claims, the futures contracts this morning indicate that the DJ30 will open in the red, indicating a fall of 300 points at the time of writing this article.

Cryptocurrencies extend the gains: the cryptocurrency market has grown in the past 24 hours since the majority of the top 10 currencies were in the green at the time of writing. Bitcoin experienced a momentary peak above $ 7,000 but then experienced a correction to trade above the $ 6,700 threshold.

The Asian markets are mainly down: in Asia, the markets were in the red this morning since the JPN225, China50 and HKG50 indices were all down.

Video game sales are soaring: according to a CNBC report, the confinement imposed in many countries has led to a significant increase in game downloads. For example, Nintendo's Animal Crossing reached 1.8 million downloads in Japan in just 3 days, and Activision Blizzard's Call of Duty attracted 30 million players in 10 days. On investors can gain exposure to the gaming industry through the InTheGame CopyPortfolio.

Energy companies are soaring: hopes associated with an end to the oil price war yesterday boosted many actions in the energy sector. Some companies have recorded gains of more than 20%, notably PDC Energy, DNO International, Parsley Energy and Matador Resources. To follow the most recent and significant market fluctuations, please visit the Market .

Tesla Jumps After Closing: After Beating Estimates Of Nearly 10,000 New Car Deliveries In Its Quarterly Report, Tesla Stock, which fell more than 5% yesterday during trading hours, rose more than 17% after closing.

European markets open slightly lower: the UK100 opened on a 34 point drop, the GER30 fell 28 points and the FRA40 20 points.

NTDOY
NTDOY | Nintendo CO Ltd

48.36 -0.17 (-0.35%)

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