Market indicators like oil prices and futures can provide a more accurate reflection of market sentiment than headline news, as demonstrated by oil prices remaining near a five-week low despite ceasefire headlines and retaliatory strikes, while futures showed positive movement.
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Oil Prices & Futures Tell the Real Story Behind the Ceasefire HeadlinesAjouté :
So, it was limited. Joe, your first reaction is, well, there was there was some type of retaliatory strike situation here. Ceasefire sounds like it was violated, whatever.
And you take a look and oil is still down over where we closed on Friday. And stock market futures are quite a bit higher yet again today. Well, a couple things.
So, oil at its low point yesterday was around 90.
So, if you're taking like an oil as it stands right now, yes, since our market most recently closed, um we were seeing it lower by by about three bucks a barrel. But, it is actually off of its low where the futures are trading yesterday.
Yeah, so about it is up about three bucks a barrel since the impact of those strikes.
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