News In the Spotlight

Market Recap for 08-August-2024

U.S. crude oil futures rebounded from a six-month low on Wednesday driven by a decline in crude stockpiles and ongoing tensions in the Middle East. According to the Energy Information Administration, U.S. crude oil stocks fell by 3.7 million barrels last week, while gasoline inventories rose by 1.3 million barrels. Despite a turbulent day in the stock market, oil prices ended higher.

On Wall Street, a rally on Tuesday was followed by uncertainty on Wednesday after the S&P 500 experienced its largest one-day drop in nearly two years on Monday. Analysts suggest the market may retest those lows but could regain strength in the coming weeks if there is no recession and the recent downturn proves to be temporary.

seooptimization

Share
Published by
seooptimization

Recent Posts

Money Expo Qatar 2024: STARTRADER Unearths the Riches of the Patch

Overview of the Event The Money Expo Qatar 2024 was held at the Doha Exhibition…

23 hours ago

Two-Factor Authentication (2FA): A Minor Shift, a Major Boost for Security.

Dear Valued Clients, STARTRADER always prioritizes the interests of clients. With two-factor authentication (2FA), we…

1 day ago

Rollover Notification in November

Dear Valued Clients, Please be advised that the following CFD instruments will be automatically rolled…

1 week ago

Market Closure in November

Dear Valued Clients, Please be advised that the following instruments' trading hours and market session…

3 weeks ago

Trading Hours Adjustment for upcoming US Daylight Saving

Dear Valued Clients, Please be informed that the trading hours for the following products will…

3 weeks ago

What are Forex Trading Sessions in India Time

Forex trading is a global phenomenon that operates 24 hours a day for five days…

3 weeks ago

This website uses cookies.