Last week’s trading results were
less than impressive for some
key European Indices. However,
traders on Monday seemed to have
shaken off some of their
jitters, pushing three major
markets upward by the ring of
the closing bell.
Oil took a tumble Tuesday,
marking a sharp decrease from
last week’s near 14-year high
price per barrel. Many analysts
are pointing to an uptick in
coronavirus infections in China
along with the Federal Reserve’s
expected hawkish turn as the
proximate causes for this latest
turnaround in the petroleum
trade.
Oil and Brent Oil both showed
gains compared to last week’s
prices as of Monday morning,
perhaps due to the geopolitical
crisis between Russia and
Ukraine. Some analysts are
raising the possibility of
petrol prices peaking above $100
again in response to sanctions
and supply constraints.
