• News
    • Stocks
    • Banks and Finance
    • Companies
    • Crypto
    • Forex
  • Videos
  • Articles
    • Forex CRM
    • Crypto Payments
    • Copy Trading
    • Crypto Exchange Business
    • Forex Business
    • Fintech
    • Liquidity
  • Liquidity Providers List
  • Crypto Payment Providers

Dark Theme

Oil Gains And Stocks Tick Up As OPEC Meet On Omicron

Dec 1, 2021

Oil Gains And Stocks Tick Up As OPEC Meet On Omicron

Oil prices rose strongly on Wednesday in London, recovering from the losses the day before as OPEC held a virtual meeting.

The group convened at 1 p.m. GMT to shed some light on the possible impact on fuel demand while the globe examines the potential negative consequences caused by the Omicron strain.

Crude oil futures (CZ = F) rose 4.5% in early London trading, although remained below $70 (£52) per barrel, trading near $68.53. By the end of the day, they were up 3.6%.

Brent Crude (BZ=F) futures contracts climbed roughly 3.8% at the start of the day.

The conference preceded the next round of meetings with OPEC and its partners on Thursday, at which plans for oil production in the next months will be finalized.

According to Reuters, some experts believe Thursday's meeting to halt plans to add 400,000 BPD of oil production in January because of Omicron.

At the same time, equities in Europe were at the forefront after a relatively good Asian session. By the closing, the FTSE 100 (FTSE) had risen 1.6%. The DAX (GDAXI) rose 2.7%, while the CAC (FCHI) rose 2.6%.

The increase came after the publication of PMIs in the manufacturing sector from Markit, which outperformed forecasts in different European countries.

As Russ Mould from AJ Bell said, there will be some time when the market will become more desperate to figure out how aggressive Omicron can be and whether it will evade existing vaccines.

The final answer will have to wait no earlier than mid-December, and in the meantime, stock markets can react aggressively to signals in both directions.

Markets got a shock on Tuesday when Federal Reserve Chairman Jerome Powell stated that the central bank's bond-buying cuts might end earlier than planned. He also dropped the word "transitory" in reference to inflation— steps that might clear an early interest rate hike. U.S. market futures continued to rise towards the close in London. The S&P 500 (^GSPC) began 1% higher and traded 1.8% higher towards the London close. The Dow (DJI) gained 1.4%, while the Nasdaq (IXIC) gained 1.6%.

As Marios Hadjikyriacos, senior investment analyst at XM, pointed out, the market is largely held up by its generals - a small group of tech titans. Recently, there has been a definite shift toward quality, with unproductive 'growth' businesses and small-cap companies being wiped out while titans like Apple continue to push ahead, bearing whole indexes on their shoulders.

In Asia, equities rose overnight. The Hang Seng (HSI) gained 0.8%, while the SSE Composite (000001.SS) gained 0.4%. Japan’s Nikkei (N225) gained 0.4% as well.

Subscribe Our Newsletter

Singapore Asks Crypto Firms Not to Market Services to Public

Singapore Asks Crypto Firms Not to Market Services to Public

Singapore's financial regulator has directed cryptocurrency businesses not to advertise their services to the general public, in keeping with the city-state’s goal of reducing retail speculation in volatile digital assets.

Crypto
Energy And Commodity Hedge Funds Post Big Gains As Prices Skyrocket

Energy And Commodity Hedge Funds Post Big Gains As Prices Skyrocket

As the globe faced an energy shortage, hedge funds that bet on a major recovery for commodities saw their gains rocket in the first nine months of 2021.

Stocks
Liquidity Provider

Liquidity Risk
Let's find out what is the notion of liquidity risk, why should a trader get his orders executed instantly, and how to find and pick a reliable LP.

discover
What is a Liquidity Provider?

Liquidity Provider

Liquidity Provider

What is a Liquidity Provider?

Let's find out what a liquidity provider is and what to consider when choosing a reliable liquidity provider.

Liquidity

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiries b2broker

    Please fill out this contact form to get in touch with us

    / 3000

    By clicking “Get in touch” button, you agree to the privacy policy

    Oliver

    How to Integrate Crypto Payment Gateway to Your Business?

    https://liquidity-provider.com/app/uploads/2022/07/how-to-integrate-crypto-payment-gateway-to-your-business-300x203.png

    Oliver

    How to Accept Crypto Payments as a Business

    https://liquidity-provider.com/app/uploads/2022/06/oblozhka-300x203.png

    Oliver

    What is a Crypto Payment Gateway?

    https://liquidity-provider.com/app/uploads/2022/06/shapka1-1-300x203.png

    Liquidity Provider

    Why Do Brokers Need PAMM Accounts?

    https://liquidity-provider.com/app/uploads/2022/05/why-do-brokers-need-pamm-accounts-300x203.png

    Regi Publico

    The Importance of Liquidity in Financial Planning

    https://liquidity-provider.com/app/uploads/2022/04/untitled-design-2-300x203.png

    Liquidity Provider

    What Are the Advantages of Paying with Bitcoin?

    https://liquidity-provider.com/app/uploads/2022/04/dizajn-bez-nazvaniya-3-1-300x203.png

    Liquidity Provider

    How to Promote PAMM/MAM & Copy Trading Service as a Broker

    https://liquidity-provider.com/app/uploads/2022/04/untitled-design-300x203.png

    Liquidity Provider

    How Do Crypto Payments Work?

    https://liquidity-provider.com/app/uploads/2022/03/untitled-design-10-300x203.png

    Liquidity Provider

    Top 6 Forex License Providers

    https://liquidity-provider.com/app/uploads/2022/03/frame-59318-300x203.png

    Liquidity Provider

    How to Get a FOREX License

    https://liquidity-provider.com/app/uploads/2022/03/untitled-design-1-300x203.png

    Liquidity Provider

    Top 5 Forex CRM Solutions for 2022

    https://liquidity-provider.com/app/uploads/2022/02/untitled-design-3-300x203.png

    Liquidity Provider

    5 FinTech Trends for 2022

    https://liquidity-provider.com/app/uploads/2022/02/untitled-design-2-300x203.png

    Liquidity Provider

    5 Tips for FinTech Startups

    https://liquidity-provider.com/app/uploads/2022/02/untitled-design-1-300x203.png

    Liquidity Provider

    What is NFT?

    https://liquidity-provider.com/app/uploads/2022/02/untitled-design-300x203.png

    Liquidity Provider

    What is Initial DEX Offering (IDO)?

    https://liquidity-provider.com/app/uploads/2022/01/untitled-design-1-1-300x203.png

    Liquidity Provider

    How Liquidity Provider Tokens Work

    https://liquidity-provider.com/app/uploads/2022/01/frame-59320-2-300x203.png

    Liquidity Provider

    How Does the Cryptocurrency Exchange Business Work?

    https://liquidity-provider.com/app/uploads/2021/12/frame-59315-300x203.png

    Liquidity Provider

    How Does The Forex Brokerage Business Work

    https://liquidity-provider.com/app/uploads/2021/12/frame-59303-3-300x203.png

    Liquidity Provider

    Top 10 White Label Exchange Solutions in 2022

    https://liquidity-provider.com/app/uploads/2021/12/frame-611012-300x203.png

    Liquidity Provider

    What is Liquidity Mining?

    https://liquidity-provider.com/app/uploads/2021/12/untitled-design-4-300x203.png

    Liquidity Provider

    What is Yield Farming?

    https://liquidity-provider.com/app/uploads/2021/12/untitled-design-300x203.png

    Liquidity Provider

    What is the Difference Between Centralized and Decentralized Exchange?

    https://liquidity-provider.com/app/uploads/2021/11/untitled-design-17-300x203.png

    Liquidity Provider

    What You Should Know About Energy Liquidity?

    https://liquidity-provider.com/app/uploads/2021/11/frame-59309-4-300x203.png

    Liquidity Provider

    What is Prime of Prime Liquidity?

    https://liquidity-provider.com/app/uploads/2021/11/frame-59319-3-300x203.png
    • News
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
    • Articles
      • Forex CRM
      • Crypto Payments
      • Copy Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
    [email protected]

    © 2022 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy