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Oil Prices Extend Upward Momentum on Expectations of Tighter Supply

Oil Prices Extend Upward Momentum on Expectations of Tighter Supply
usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.

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Oil trades little changed as markets weigh Russian supply cuts against weaker dollar

Oil trades little changed as markets weigh Russian supply cuts against weaker dollar
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Oil trades little changed as markets weigh Russian supply woes against weaker dollar

Oil trades little changed as markets weigh Russian supply woes against weaker dollar
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Futures Slump, Dragged By Semis As Global Chip War Escalates

Futures are lower following the S&P's best weekly performance of the year (sparked by dovish comments by Fed chair Powell during the last FOMC) which sent the market up +2.3%. At 7:50 am, S&P futures were 0.4% lower and Nasdaq futures dropped 0.6%, dragged by MegaCap tech names which were mostly lower with AMD and Intel down more than 2% after the FT reported they are being banned from the Chinese government computers; NVDA swung from gains to losses after a report that Google, Intel and QCOM execs plan on battling NVDA on AI dominance (well what else can they do?). ....

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