“Usually, higher oil prices are a product of higher demand, but in a scenario like this where supply is squeezed because of an attack, that is the worst of both worlds,” said David Madden, market analyst at CMC Markets.
Adding to some weak indicators from China last week, industrial production in the world’s second largest economy grew at its weakest pace in 17-1/2 years in August amid rising U.S. trade pressure and softening domestic demand.European stocks ended Friday with their fourth straight weekly gain, as investors circled back into cyclical sectors amid signs of progress in U.S.-China trade talks.
Market participants are now looking to the U.S. Federal Reserve’s policy meeting starting Wednesday, where the central bank is widely expected to ease interest rates and signal further moves.
just so you nit wit liberals understand---oil firms soar because of the law of supply and demand---not because they are evil corporations---get it nit wit?
Con job
This is an inside job. Follow the money.
Oil future trading is up 👍 Follow the money...
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