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Red Sea Attacks Continue Despite US-Led Task Force

Red Sea Attacks Continue Despite US-Led Task Force
energyintel.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from energyintel.com Daily Mail and Mail on Sunday newspapers.

Red Sea , Djibouti General , United States , Bab Al Mandeb , Joe Biden , Us Navy , Oil Markets On Edge , Iran Backed Houthi , Maersk Hangzhou , Good Hope , Operation Prosperity Guardian , Kataib Hezbollah , Mideast Gulf , Suez Canal ,

02Mar2021 Market Close: Stocks End Lower As Tech Shares Lead Pullback, DOW Closes Down 144 Points, Nasdaq Closes Down -1.7%, WTI Crude Slips To 59.61, Bitcoin Steady At 47800


Real-world data shows Pfizer s Covid vaccine is giving very strong results after one dose (SPY -0.8%).
The Market in Perspective
Here are the headlines moving the markets.
What To Expect From The Upcoming OPEC+ Meeting
After breaking the $50 barrier last year, oil prices are currently trading above $60. The major drivers behind this rally include the rise in vaccination rates and the 1 million bpd new year surprise cut from Saudi Arabia, in addition to continued high compliance from OPEC+. Other factors include a slowdown in US oil production, with the number of oil rigs in the US remaining at least 50% below its 2019 levels at 309 rigs, indicating a potential flat production for 2021. The current strategy of the US shale industry is to focus on stable returns ....

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