Crude oil prices jump and stocks sink
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Oil prices and the FTSE 100 index today held steady in a session when China’s latest retail sales figures offered some support to jittery global markets. Brent Crude continued to trade near to $74 a barrel,
Oil stocks have been longtime favorites for investors seeking income. With lower oil prices causing many oil stocks to decline in recent months, their dividend yields have risen. A user on Reddit recently asked which oil stocks with attractive dividends are the best picks right now.
Asian shares are mixed and oil prices have climbed further as escalating Iran-Israel tensions threaten to disrupt supplies of crude. Chinese economic data in May showed stronger consumer spending
Crude oil prices rose for the second consecutive day, with Brent nearing $75 and WTI over $74 amid Middle East tensions. This surge may negatively impact Indian stocks, but benefit upstream firms like ONGC and Oil India,
Cameron Dawson of NewEdge Capital points out that oil is now overbought on a relative strength index that is popular in technical analysis. "The combination of being overbought into downtrend resistance suggests that oil doesn’t deserve the benefit of the doubt to press higher from here,
Oil prices leapt, and stocks fell on worries that escalating violence following Israel’s attack on Iranian nuclear and military targets could damage the flow of crude around the world, along
Oil prices are leaping, and stocks are falling on worries that Israel’s attack on Iranian nuclear and military targets could escalate further and damage the flow of crude around the world, along with