Neil how about buyers and sellers, read it and leap at the corner of wall and broad, final extra day of february. Opened up a lot for a while but still for the month pretty good. Leap year put an extra kick in that. Mostly good news on inflation, not as much is the newfound interest over the month and anything artificial intelligence. That has investors buying technology. We are four hours from wrapping up the second month of the year it really wasnt for the month all about technology. Meridian Equity Partners on what he sees and what he likes as we wrap up the month. Great having you. What do you make of how we are ending the market. The dow is little under pressure, the s p and the nasdaq around record territory. What do you think of it . We look at Economic Data coming in every day that will dictate the market, we see whats happening today, the market is going backandforth, not really understanding how to digest this information because what weve done is weve become so dependent on
Impact in oil prices because if you even though iran has been under solutions for the last years it been quietly providing oil to customers in the globe and the white house has turned a blind eye especially the last year or two because its been trying to smooth relations between iran and the western world but now if the white house decides to enforce those sanctions, that means supply from iran would be cut off and coming at a time when oil supplies have been tightening because saudi arabia and russia, the two largest exporters of oil in the world, were also part of 0pec have collectively being reduced 1. 3 Million Barrels of oil per Day Sincejuly and will get you to do so to the end of the and there is a good chance it may continue next year as well so if this happens there will be a scenario where there will be less oil supplier, more demand, and that leads to higher prices. Major Oil Producers are not directly involved in the conflict but it has still sparked uncertainty as far as o
Around the globe, and the white house has turned a blind eye, especially the last year or two because its been trying to smooth relations between iran and the western world. But now if the white house decides to enforce those sanctions, that means supply from iran would be cut off and coming at a time when oil supplies have been tightening because saudi arabia and russia, the two largest exporters of oil in the world, who are also part of 0pec , have collectively been reducing 1. 3 Million Barrels of oil per day since july and there is a good chance it may continue next year as well. So if this happens there will be a scenario where there will be less oil supply, more demand, and that leads to higher prices. Even though Major Oil Producers are not directly involved in the conflict it has still sparked uncertainty as far as oil prices are concerned. Talking about that was azlin ahmad, covering crude oil markets in the middle east and asia pacific and she told me that yesterdays spike in
Many customers across the globe will subdue white house has chosen to turn a blind eye, especially over the last year or two years, because it has been trying to smooth relations between iran and the western world, but now if the white house decides to enforce those sanctions, that would mean that the supply from iran would be cut off and this would come at a time when oil supplies have been tightening because saudi arabia and russia, the two largest exporters of oil in the world, also part of opec plus can have collectively been producing Oil Production by 1. 3 Million Barrels by day since july and will continue doing it until the end of year. There is a good chance it may continue into the next year as well for so this happens, there will be a scenario where there will be lesser oil supply, a scenario where there will be lesser oilsupply, more a scenario where there will be lesser oil supply, more demand and that would lead to higher prices. And that would lead to higher rices. . ,.
Start, warm in the afternoon. Lets check in with fox25 meteorologist shiri spear with the Stormtracker Weather Center with 80s we are looking at and low and mid50s and beverly to lawrence and 55 in plymouth, 38 in worcester and 40s in nashua as well as norwood, pretty stark contrast to what we have in boston in next hour to two hours all kind of even out and land in the mid to upper 60s at 9 00 a. M. Metrowest up to 66 . At 9 00 a. M. , middle 70s, afternoon comes along it is going to be lower 80s. Even in boston we should get into the lower 80s. Range 78 to 84 . And definitely showing live pictures of the scene and waiting for accident to clear on harrison boulevard. As we shift north one lane closed on route 38 right at 128 forfor that water main and ten minutes on 93 south, slightly slower than usual from andover down to the leverett connector. 19 minutes on 128 westbound to the weston tolls. Back to you. Gene we continue to follow developing news out of methuen this morning where t