Oil Holds Gain as Risk-On Sentiment Helps to Support Commodities

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Oil Holds Gain as Risk-On Sentiment Helps to Support Commodities
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(Bloomberg) -- Oil held the biggest advance in a week as risk-on sentiment in wider markets overshadowed a mixed outlook for crude.Most Read from...

-- Oil held the biggest advance in a week as risk-on sentiment in wider markets overshadowed a mixed outlook for crude.S&P 500 Hits 30th Record of 2024 as Megacaps Rally: Markets WrapHow the US Mopped Up a Third of Global Capital Flows Since Covid

Still, Brent’s prompt spread — the difference between its two nearest contracts — suggests underlying near-term strength. The gap was 75 cents a barrel in a bullish backwardated pattern, about double the differential a week ago.It Will Take More Than US Bargaining Power to Cut Drug Costs -- Asian equity benchmarks open higher Tuesday following a rally in several large technology companies which drove US stocks to another record.

Stocks are in a sweet spot but bears still fear a bubble is near bursting. Here's what 5 forecasters are saying about a potential crash. CFRA's Sam Stovall said history suggests the S&P 500 could slump as much as 12% before notching further gains later this year.1 Gold Stock to Buy for More Growth, Less Risk

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Oil Holds Gain as Risk-On Sentiment Helps to Support CommoditiesOil Holds Gain as Risk-On Sentiment Helps to Support CommoditiesOil held the biggest advance in a week as risk-on sentiment in wider markets overshadowed a mixed outlook for crude.
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Oil Holds Biggest Weekly Gain Since April Ahead of China DataOil Holds Biggest Weekly Gain Since April Ahead of China DataOil held its biggest weekly advance since early April as traders waited for Chinese trade data that will provide a snapshot on the economic strength of the world’s top crude importer.
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Oil Holds Biggest Weekly Gain Since April Ahead of China DataOil Holds Biggest Weekly Gain Since April Ahead of China Data(Bloomberg) -- Oil held its biggest weekly advance since early April as traders waited for Chinese trade data that will provide a snapshot on the economic...
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Oil Holds Weekly Gain as Traders Focus on Geopolitical RisksOil Holds Weekly Gain as Traders Focus on Geopolitical Risks(Bloomberg) -- Oil held a weekly advance as geopolitical risks in Russia and the Middle East came back into focus after attacks over the weekend.Most Read...
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Oil Holds Weekly Gain as Traders Focus on Geopolitical RisksOil Holds Weekly Gain as Traders Focus on Geopolitical RisksOil held a weekly advance as geopolitical risks in Russia and the Middle East came back into focus after attacks over the weekend.
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Oil price news: Oil builds on weekly gain as traders weigh mixed China dataOil price news: Oil builds on weekly gain as traders weigh mixed China dataOil edged higher after its biggest weekly advance since early April, extending a short-covering rally as traders weighed a raft of data from China.
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