OklahomaMinerals.com

Snippets

• Dow snaps win streak, Nasdaq ends down 2% as Fed rate decision looms
  U.S. stocks ended lower Monday, with the Dow Jones Industrial...
  U.S. stocks ended lower Monday, with the Dow Jones Industrial Average snapping a six-day win streak, as investors brace for the outcome of the Federal Reserve's two-day policy meeting in a busy week for company earnings reports. The Dow DJIA, -0.77% closed 0.8% lower, while the S&P 500 SPX, -1.30% fell 1.3% and the technology-laden Nasdaq Composite COMP, -1.96% dropped 2%, according to preliminary data from FactSet. The central bank's meeting wraps up Wednesday, with Fed Chair Jerome Powell scheduled to host a press conference on its interest-rate decision that same day. Energy was the S&P 500's worst-performing sector on Monday, followed by information technology.
  Read More
• U.S. natgas drops 5% on forecasts for milder weather, lower heating demand
  U.S. natural gas futures dropped about 5% to a 21-month low on Monday on forecasts for warmer...
  U.S. natural gas futures dropped about 5% to a 21-month low on Monday on forecasts for warmer weather and lower heating demand through the middle of February than previously expected. Gas prices have also been under pressure in recent weeks by growing beliefs in the market that there was more than enough gas in storage for the rest of the winter and that Freeport LNG's liquefied natural gas (LNG) export plant in Texas would not start pulling in big amounts of gas until at least March. On its first day as the front-month, gas futures for March delivery were down 13.5 cents, or 4.7%, from where the March contract closed on Friday to $2.714 per million British thermal units (mmBtu)
  Read More
• Oil Prices Set To Climb On Rumors That The Fed Will Stop Hiking Interest Rates
  Traders expect the Federal Reserve to end its rate hikes in two months, which could push oil prices higher...
  Traders expect the Federal Reserve to end its rate hikes in two months, which could push oil prices higher due to the generally inverse relationship between rates and oil prices.
  
  Coupled with expectations for a rebound in oil demand in China, a lower rate hike and any other indication that the Fed may be preparing for a wind-down of its aggressive inflation control measures could lend additional upward potential to oil prices.
  
  There has also been added support for prices from the reported drone attacks on targets in Iran, suggesting a possible escalation in Middle Eastern tensions. The reports pushed oil prices higher in morning trade in Asia today, although prices have since fallen back.
  Read More
• ☕️What Else is Brewing Monday Morning
  A suspected Israeli drone strike targeted a military compound in Iran. The attack comes amid heightened...
  A suspected Israeli drone strike targeted a military compound in Iran. The attack comes amid heightened concern from Israel and the US over Iran’s nuclear development.
  
  Novak Djokovic cruised to his 10th Australian Open victory with a three-set win over Stefanos Tsitsipas. On the women’s side, Aryna Sabalenka won her first Grand Slam title.
  
  House Speaker Kevin McCarthy will meet with President Biden on Wednesday to discuss resolving the debt ceiling problem.
  
  Public health officials are raising concerns over a new strain of gonorrhea that evades drugs.
  
  
  Read More
• A huge week for the economy:
  Following its first meeting of the year on Wednesday, the Fed is expected to raise interest rates by...
  Following its first meeting of the year on Wednesday, the Fed is expected to raise interest rates by just 0.25%—a sign that its campaign to slow inflation is working. Also, the January employment report drops on Friday, which is projected to show sustained job growth despite all the layoff headlines.
  
  Big Tech earnings: There’s an earnings report for everyone this week, whether you’re curious about hardware (Apple), retail (Amazon), or saturated fats (McDonald’s). Plus, Meta and Alphabet will give us crucial insight into the teetering digital ad market.
  Read More

• Prev
• Next