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Wall Street advances on trade concessions, euro zone stimulus
Author: EarleneKayser07
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Wall Street advances on trade concessions, euro zone stimulus
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Weekly Fundamentals – Disastrous Hurricane Harvey Hurt Oil Facilities, Lifting Gasoline Prices
Gasoline prices soared to the highest level in 4 months as Hurricane Harvey threatened Texas, the largest oil producer in the US. Crude oil price recovered on Friday as extreme flooding might not only affect refinery capacities but also shale fields. On weekly basis, the front-month WTI crude contract fell -1.32% and the Brent contract was down -0.59%.
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Weekly Fundamentals – Disastrous Hurricane Harvey Hurt Oil Facilities, Lifting Gasoline Prices