Crude oil prices continue to rise due to USA vs. IRAN crisis

The price of oil together with silver, rose on Friday after the U.S. said it had destroyed an Iranian drone near the Persian Gulf, where a whole lot of the world supplies the oil. Stock markets were broadly stable as investors monitored the outcome and ongoing trade talks between China and the U.S. to raise energy prices, snapping higher after U.S. President Donald said a U.S. warship intus had an Iranian drone, had something threatening. While Iran denied the incident, it is the latest incident to increase tensions and uncertainty in the region, in which oil tankers have been attacked or threatened. About 20% of the world’s oil trades through the Persian Gulf, leaving the investor aware of the potential for disruption-to-ship traffic. The U.S. benchmark for crude oil rose 71 cents, or 1.3%, to close at .56.01 a barrel in electronic trading on the New York Mercantile Exchange. Brent, the international oil standard, picked up 98 cents, or 1.6%, to .62.91 a barrel. Stock markets were mixed, with Britain’s FTSE 100 shedding 0.1% to 7,484 and the CAC 40 in Paris falling at the same rate at 5,543. In Germany, the DAX rose less than 0.1% to 12.236. Wall Street looked set for small gains, with the future for the Dow Jones Industrial Average up 0.2% and the future for the S&P 500 up 0.1%. “Reports” that Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer spoke with their Chinese counterparts, as planned, helped ease some concerns about deepening the trade war between Washington and Beijing. The Dead Point, about China’s long-standing trade surpluses and its policy aimed at building advanced high-tech industry has added concerns about slowing demand and weaker Chinese growth.

Expectations that the U.S. central bank is moving quickly to lower interest rates have also contributed to buoy an eye’s mood recently. Statement by the president of the Federal Reserve Bank of New York, John Williams, what central banks must “quickly act” if conditions turn negative, Wetzstein investors have appetite for the purchase, analysts said. “Investors are very sensitive to calm comments from Fed presidents these days as they try to figure out if the Fed would cut interest rates by 50 basis points by the end of this month,” Ipek Ozkardeskaya of London Capital Group said in a statement. Report. “Given that a 50-basis point cut would trigger another rally in global equities, any remark of calm nature immediately sits down in higher asset prices,” she said. In Asian trade, Japan’s Nikkei 225 index jumped 2%, including 21,466.99, while Hong Kong’s Hang Seng climbed 1.1% to 28,765.40. The Shanghai composite index rose 0.8% to 2,924.20, while South Korea’s Kospi added 1.4% to 2,094.36. India’s Sensex slipped 1.3% to 38,390.88. Shares rose in Taiwan and Southeast Asia. investors with a view to the earnings situation of the companies. So far, in the U.S., results have been mixed, though only about 13% of S&P 500 companies have reported, according to FactSet.

Analysts expect profits to fall 2.4% of the total by the time all reports are counted. In currencies, the dollar rose to 107.60 yen from 107.30 yen on Thursday.

The price of oil rose on Friday after the U.S. said it had destroyed an Iranian drone near the Persian Gulf, where a whole lot of the world supplies the oil. Stock markets were broadly stable as investors monitored the outcome and ongoing trade talks between China and the U.S. to raise energy prices, snapping higher after U.S. President Donald said a U.S. warship intus had an Iranian drone, had something threatening. While Iran denied the incident, it is the latest incident to increase tensions and uncertainty in the region, in which oil tankers have been attacked or threatened. About 20% of the world’s oil trades through the Persian Gulf, leaving the investor aware of the potential for disruption-to-ship traffic. The U.S. benchmark for crude oil rose 71 cents, or 1.3%, to close at .56.01 a barrel in electronic trading on the New York Mercantile Exchange. Brent, the international oil standard, picked up 98 cents, or 1.6%, to .62.91 a barrel.

Stock markets were mixed, with Britain’s FTSE 100 shedding 0.1% to 7,484 and the CAC 40 in Paris falling at the same rate at 5,543. In Germany, the DAX rose less than 0.1% to 12.236. Wall Street looked set for small gains, with the future for the Dow Jones Industrial Average up 0.2% and the future for the S&P 500 up 0.1%.

“Reports” that Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer spoke with their Chinese counterparts, as planned, to come with more talks, helped ease some concerns about deepening the trade war between Washington and Beijing.

The Dead Point, about China’s long-standing trade surpluses and its policy aimed at building advanced high-tech industry has added concerns about slowing demand and weaker Chinese growth. Expectations that the U.S. central bank is moving quickly to lower interest rates have also contributed to buoy an eye’s mood recently. Statement by the president of the Federal Reserve Bank of New York, John Williams, what central banks need to “quickly act” if conditions turn negative, Wetzstein investors have appetite for the purchase, analysts said. “Investors are very sensitive to quiet comments from Fed presidents these days as they try to figure out if the Fed would cut interest rates by 50 basis points by the end of this month,” Ipek Ozkardeskaya of London Capital Group said in a statement. Report. “Given that a 50-basis point cut would trigger another rally in global equities, any remark of calm nature immediately sits down in higher prices of assets,” she said. In Asian trade, Japan’s Nikkei 225 index jumped 2%, including 21,466.99, while Hong Kong’s Hang Seng climbed 1.1% to 28,765.40. The Shanghai composite index rose 0.8% to 2,924.20, while South Korea’s Kospi added 1.4% to 2,094.36. India’s Sensex slipped 1.3% to 38,390.88. Shares rose in Taiwan and Southeast Asia. investors with a view to the earnings situation of the companies. So far, in the U.S., results have been mixed, though only about 13% of S&P 500 companies have reported, according to FactSet. Analysts expect profits to fall 2.4% of the total by the time all reports are counted. In currencies, the dollar rose to 107.60 yen from 107.30 yen on Thursday. The euro weakened to .1239 from .1279.

Source: Miet Spiegel News