Monthly Archives: August 2024
41654156156Oil Price Soar on Geopolitical Tension
Written on August 27, 2024 at 5:48 am, by pumarketings
Market Summary Geopolitical tensions in both the Middle East and Eastern Europe have escalated, creating significant unease in the broader financial markets. Adding to the uncertainty, market participants are positioning for a potential September Fed rate cut, which seems increasingly likely. In response to the geopolitical uncertainty, oil prices surged nearly 3% in yesterday’s session.Continue Reading