Bleaters one-throating their leaders' bragging of oil prices going down (I'm looking at you @Soaring Eagle 74) Yet they ignore the overall picture of what leftists are doing to our country
Leftists are destroying our country
LINK: U.S. equity futures traded lower on Monday. following another brutal week for stocks.
The major futures indexes suggest a decline of 0.1% when trading begins on Wall Street.
The Dow Jones Industrial Average on Friday briefly hit a bear market before bouncing back slightly from a 700-point drop. The average is now sitting at the lowest level since November 2020. This as the S&P 500 and Nasdaq Composite wrapped the second straight week of losses, retreating to June lows.
Oil prices fell for a second day on Monday on fears of lower fuel demand from an expected global recession sparked by rising worldwide interest rates and as a surging U.S. dollar limits the ability of non-dollar consumers to purchase crude.
U.S. West Texas Intermediate (WTI) crude futures traded around $77.00 a barrel.
Brent crude futures traded around $85.00 a barrel.
Asian shares tumbled and the British pound sank further on Monday, reflecting pessimism over efforts by central banks around the world to curb inflation.
Japan's benchmark Nikkei 225 shed 2.6%, Hong Kong's Hang Seng gave up 0.4% and China's Shanghai Composite lost 1.2%.
Wall Street ended last week with widespread selling, leaving major indexes with their fifth loss in six weeks.
The S&P 500 sank 1.7% on Friday, to 3,693.23, its fourth straight drop. The Dow, which at one point was down more than 800 points, lost 486.27 points, or 1.6%, to close at 29,590.41. The Nasdaq fell 1.8% to 10,867.93.
Gasoline rises for a sixth straight day
The average price for a gallon of regular gasoline in the U.S. is gaining ground.
Monday's price rose to $3.725, up from Sunday's $3.417 a gallon, according to AAA.
The price started rising again in the past week, after declining for nearly100 days in a row during the summer driving season.
That makes it six straight days of increases that began on Wednesday morning, when the price ticked up to $3.681 per gallon from $3.674 the previous day.
The average price a week a go was $3.678. A year ago it was $3.188.
Oil prices fall on recession fears
Oil prices fell for a second day on Monday on fears of lower fuel demand from an expected global recession sparked by rising worldwide interest rates and as a surging U.S. dollar limits the ability of non-dollar consumers to purchase crude.
U.S. West Texas Intermediate (WTI) crude futures traded around $77.00 a barrel.
Brent crude futures traded around $85.00 a barrel.
Both contracts slumped around 5% on Friday to their lowest since January.
The dollar index that measures the greenback against a basket of major currencies climbed to a 20-year high on Monday. A stronger greenback tends to curtail demand for dollar-denominated oil since buyers using other currencies must spend more to buy crude.
British pound falls to four decade low
Sterling tumbled to a four decade low on Monday on speculation the new government's economic plan will stretch its finances to the limit.
The pound dipped as low as $1.0349 per U.S. dollar early Monday, but then rebounded to $1.0671, down 2.3%.
The Euro also touched a fresh 20-year low against the dollar on simmering recession fears, as the energy crisis extends toward winter amid an escalation in the Ukraine war.
Sterling fell 3.61% on Friday.
Leftists are destroying our country
LINK: U.S. equity futures traded lower on Monday. following another brutal week for stocks.
The major futures indexes suggest a decline of 0.1% when trading begins on Wall Street.
The Dow Jones Industrial Average on Friday briefly hit a bear market before bouncing back slightly from a 700-point drop. The average is now sitting at the lowest level since November 2020. This as the S&P 500 and Nasdaq Composite wrapped the second straight week of losses, retreating to June lows.
Oil prices fell for a second day on Monday on fears of lower fuel demand from an expected global recession sparked by rising worldwide interest rates and as a surging U.S. dollar limits the ability of non-dollar consumers to purchase crude.
U.S. West Texas Intermediate (WTI) crude futures traded around $77.00 a barrel.
Brent crude futures traded around $85.00 a barrel.
Asian shares tumbled and the British pound sank further on Monday, reflecting pessimism over efforts by central banks around the world to curb inflation.
Japan's benchmark Nikkei 225 shed 2.6%, Hong Kong's Hang Seng gave up 0.4% and China's Shanghai Composite lost 1.2%.
Wall Street ended last week with widespread selling, leaving major indexes with their fifth loss in six weeks.
The S&P 500 sank 1.7% on Friday, to 3,693.23, its fourth straight drop. The Dow, which at one point was down more than 800 points, lost 486.27 points, or 1.6%, to close at 29,590.41. The Nasdaq fell 1.8% to 10,867.93.
Gasoline rises for a sixth straight day
The average price for a gallon of regular gasoline in the U.S. is gaining ground.
Monday's price rose to $3.725, up from Sunday's $3.417 a gallon, according to AAA.
The price started rising again in the past week, after declining for nearly100 days in a row during the summer driving season.
That makes it six straight days of increases that began on Wednesday morning, when the price ticked up to $3.681 per gallon from $3.674 the previous day.
The average price a week a go was $3.678. A year ago it was $3.188.
Oil prices fall on recession fears
Oil prices fell for a second day on Monday on fears of lower fuel demand from an expected global recession sparked by rising worldwide interest rates and as a surging U.S. dollar limits the ability of non-dollar consumers to purchase crude.
U.S. West Texas Intermediate (WTI) crude futures traded around $77.00 a barrel.
Brent crude futures traded around $85.00 a barrel.
Both contracts slumped around 5% on Friday to their lowest since January.
The dollar index that measures the greenback against a basket of major currencies climbed to a 20-year high on Monday. A stronger greenback tends to curtail demand for dollar-denominated oil since buyers using other currencies must spend more to buy crude.
British pound falls to four decade low
Sterling tumbled to a four decade low on Monday on speculation the new government's economic plan will stretch its finances to the limit.
The pound dipped as low as $1.0349 per U.S. dollar early Monday, but then rebounded to $1.0671, down 2.3%.
The Euro also touched a fresh 20-year low against the dollar on simmering recession fears, as the energy crisis extends toward winter amid an escalation in the Ukraine war.
Sterling fell 3.61% on Friday.
