
Saudi’s commitment to restricted oil is not written into a law! | MarketTalk: What’s up today? | Swissquote
Markets are on an emotional rollercoaster ride this week. The slightest data is capable of moving oceans. Yesterday, the significantly softer-than-expected ADP report, and the announcement that 75’000 healthcare workers at Kaiser went on strike sparked a positive reaction from the market in a typical ‘bad news is good news’ day. Yields fell, the US dollar index retreated and equities rebounded. All eyes are on Friday’s official jobs numbers.
In energy, rising suspicions that the global economy is headed straight into a wall didn’t spare oil bulls yesterday. The barrel of American crude dived almost 6%, slipped below the 50-DMA...