Author Topic: Oil slumps after Iran and US talks progress US stocks flat, gold up $14  (Read 18 times)

jira222

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Oil prices fell on Monday amid signs of Didสมัครสล็อตyou know that most of the players who lose money playing slots games? What is the cause, that is, people who are impatient. and no prudence in playing Because even if you are excited to play games on Online casinos and winning the first few games can add even more excitement.  progress in US-Iran nuclear talks. That could lead to the lifting of American sanctions imposed on Tehran's energy sector. Wall Street closed flat on the back of traction in tech stocks. while gold rose sharply

West Texas Crude Oil Contract Intermedia or light sweets For March delivery was down 99 cents to $91.32 a barrel. Brent North Sea London April delivery was down 58 cents to $92.69 a barrel.

On Friday (Feb 4), the US government of President Joe Biden reinstated sanctions on Iran. Open the way for international nuclear technology cooperation programs. As the talks involved the 2015 nuclear deal entered its final arc.

Although the release of sanctions will have little effect on Iran's struggling economy. But the market sees this move as a good sign from both sides. that there is an intention to reach an agreement

If the US lifts sanctions on Iran's energy sector Tehran will be able to quickly export millions of barrels of crude oil. and help drag the oil price that is soaring at the moment

The US stock market on Monday (Feb 7) closed in a narrow range. Investors review the recently released quarterly earnings report of giants such as Amazon and Meta Platforms, the parent company of Facebook.

The Dow was up 1.39 points (0.00 percent) to close at 35,091.13; the S&P was down 16.66 points (0.37 percent) to close at 4,483.87; the Nasdaq was down 82.34 (0.58 percent) at 14,015.67.

Amazon.com, Inc. traded in positive territory for most of the day on Monday (Feb 7) after surging on Friday (Feb 4) following strong earnings releases. Driving a single day's market capitalization to $190 billion

However, Wall Street was also pulled from Facebook's parent company Meta. After Wednesday's (February 2) earnings report for the fourth quarter, earnings were lower than expected. Plus, the number of daily users has dropped for the first time. As a result, the market value of the social media company has plunged to record highs.

On Monday (Feb 7) gold prices rose the most in a single day in three weeks, investors turned to low-risk assets. amid concerns over inflation The price of gold for February delivery rose $14 to close at $1,821.80 an ounce.

GregoryHep

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