Oil trades above $100
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Net retail buying of oil ETFs hit a record $211 million on March 12, surpassing the previous peak seen during the market turmoil in May 2020, according to Vanda Research.
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Despite VIX spikes and $100 oil, traders are surprisingly bullish on SPY right now
Quick Read SPDR S&P 500 ETF (SPY) is down 1.28% over the past week and 2.54% over the past month at $668, while retail traders on Reddit maintain a bullish sentiment score of 68 out of 100 despite the VIX rising 39.
Traders faced some of the wildest commodity trading on record, whipsawing oil prices and market swings
The Trump administration is considering intervening in oil markets to push down prices, despite warnings that it would risk a “biblical disaster”.
Oil prices rose sharply when market trading began late Sunday over concerns that the supply from Iran and elsewhere in the Middle East would slow or grind to a halt.
Oil climbed in another volatile trading session as traders weighed whether an emergency release of crude reserves by wealthy nations would blunt the impact of escalating disruptions to Middle East
In this week’s newsletter, we will take a quick look at some of the critical figures and data in the energy markets this week. We will then look at some of the key market movers early this week before providing you with the latest analysis of the top ...
Crude oil (CL=F) just pulled a move straight out of the meme-stock playbook. Prices ripped nearly 80% in six days, briefly touching around $120 a barrel before tumbling back toward the mid-$70s as traders swung from panic to relief over the latest Middle ...