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Tag: volatile

Crude oil futures volatile Friday amid investor risk concerns

Crude oil futures volatile Friday amid investor risk concerns

Business
Oct. 26 (UPI) -- Crude oil futures were volatile Friday in part as investors are concerned about risks of an economic slowdown, yet the move into normal backwardation reflects healthier price levels, analysts said. "If equities are selling off, the public is taking a risk off stance, pulling in their wallets and moving from a risk-on, the global economic expansion, to a risk-off, for potential global economic contraction," John Thorpe, a commodity broker at Los Angeles-based Cannon Trading, told UPI via email. Andrew Pawielski, analyst at Chicago-based Daniels Trading, also saw a correlation with stock market declines earlier in the day. "We are seeing WTI crude oil prices highly correlated to the futures equity markets this week and the bearishness we are experiencing," Pawielski told UP...
U.S. gas prices moving lower, but could still be volatile

U.S. gas prices moving lower, but could still be volatile

Business
July 24 (UPI) -- Retail gasoline prices in the United States are showing signs of a steady decrease, but remain vulnerable to geopolitical tensions, analysts said. Motor club AAA reported a national average retail price of $ 2.84 for a gallon of regular unleaded gasoline, unchanged from Monday and about 3 cents per gallon lower than last week. According to AAA's records, gas prices are at their lowest level since May. "July gas prices have been on a roller coaster ride, but appear to be on a downward slope at the moment," AAA spokeswoman Jeanette Casselano said in a statement. "If demand and supply stay consistent, prices have the potential to stabilize barring any major events - geopolitical or natural disasters." Climate forecasters at the National Ocean and Atmospheric Administration,...
Wall Street on front foot after volatile week

Wall Street on front foot after volatile week

Business
Wall Street made strong gains on Monday as technology and financial shares helped it recover from its worst week in two years.New York's Dow Jones Industrial Average closed more than 400 points, or 1.7%, higher - also helped by details of Donald Trump's budget. The gain built on a 1.4% upturn in the previous session.The FTSE 100 started the week on the front foot too, adding more than 1% after falling by a similar amount on Friday.Markets have been enduring a volatile spell since 2 February, when strong US jobs and wage growth figures raised the spectre of rising inflation and accelerating interest rate hikes.The fear that the era of cheap money could be coming to an end proved the catalyst for a major sell-off for stock indices both in the US and across the globe - widely seen as a "corre...