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U.S. stocks closed | "Triple Witching Day" saw a major rebound in U.S. stocks! All three major Indexes rose by over 1%; the AI application Concept exploded, with Palantir rising over 8%.
Ed Yardeni, the most accurate Analyst on Wall Street and president of Yardeni Research, is optimistic about the U.S. stock market, predicting that the S&P 500 will reach 7,000 points next year and 8,000 points the year after.
If a "perfect storm" hits, oil prices may fall below 50 dollars next year.
Oil market bulls are now most afraid of an economic recession.....
Noon Crude Oil Analysis: Will crude oil prices be pressured or rebound against the backdrop of a strengthening dollar?
Due to market expectations that a stronger US dollar may suppress oil demand, the Intercontinental Exchange (ICE) Brent Crude Oil Product Futures prices fell slightly in early morning trading in Asia.
Midday Crude Oil Analysis: Why did Brent Crude Oil prices fall against the trend despite the decrease in USA crude oil inventories?
Despite the decrease in USA Crude Oil Product inventories, Brent Crude Oil Futures prices on the Intercontinental Exchange fell during the early trading session in Asia.
The USA increases oil production to "snatch the market"; sources say OPEC+ will remain vigilant.
OPEC representatives stated that when Trump took office in the White House, OPEC+ remained cautious about the increase in USA oil production.
Ignoring OPEC+'s decision to postpone production cuts, Kazakhstan still plans to increase its oil production by 2025.
Kazakhstan insists on increasing its oil production next year, which may further exacerbate tensions with its OPEC+ partners.