By Mike Dolan
Aug 26, LONDON (Reuters) - What matters in U.S. and global markets today
By Mike Dolan, Editor-At-Large, Finance and Markets
While the continuing retreat of world oil prices on Wednesday is something of a puzzle given the bellicose rhetoric from Washington and Tehran, it's had a powerful cushioning effect for antsy world bond markets. Meanwhile, investors are set to learn more about the health of the AI ecosystem when Nvidia reports after the bell.
Brent crude futures fell for a third straight day on Wednesday, sliding more than 2% to roughly $86 per barrel on the prospect of more supply coming through the Strait of Hormuz. If this move is sustained, it would amount to the biggest weekly drop in oil prices since June.
#mike #wednesday #World #london
Aug 26, LONDON (Reuters) - What matters in U.S. and global markets today
By Mike Dolan, Editor-At-Large, Finance and Markets
While the continuing retreat of world oil prices on Wednesday is something of a puzzle given the bellicose rhetoric from Washington and Tehran, it's had a powerful cushioning effect for antsy world bond markets. Meanwhile, investors are set to learn more about the health of the AI ecosystem when Nvidia reports after the bell.
Brent crude futures fell for a third straight day on Wednesday, sliding more than 2% to roughly $86 per barrel on the prospect of more supply coming through the Strait of Hormuz. If this move is sustained, it would amount to the biggest weekly drop in oil prices since June.
#mike #wednesday #World #london
2 months ago
