DOW -WSJ Interview

Dow, S&P 500 end slightly lower as commodity rout and climbing COVID cases weigh on market
August 9, 2021
Powell’s Future Could Depend on How Long Inflation Lasts
August 10, 2021

DOW -WSJ Interview

DJ ”Oversold” Crude Oil Prices Climb More Than 1% — Market Talk

08:37 ET – US benchmark oil prices climb 1.8% to $67.69 a barrel, while the global benchmark Brent jumps 1.5% to $70.04 as they try to bounce back from nearly 4% declines over the past two sessions. “Crude is higher ahead of today’s [weekly] API Oil inventory data, which we see showing more drawdowns,” says Peter Cardillo at Spartan Capital. “In fact, we reiterate; from a fundamental view point, the price of oil is very oversold and should soon regain its upward trend.” Ahead of the API report, markets will also watch this morning for EIA’s monthly Short Term Energy Outlook.