Joseph Adinolfi is a markets reporter at MarketWatch.
Crude oil prices were little-changed early Tuesday following their biggest decline since early October as traders continued to monitor the Israel-Hamas war while fresh data out of Europe offered more evidence of a slowing economy.Price action Market drivers Oil traders were focused on a few things Tuesday, including the latest eurozone composite purchasing managers index data, which declined to 46.5 from 47.2 in September.
Traders now await the release of inventory data from the American Petroleum Institute on Tuesday, followed by an update from the U.S. Energy Information Administration on Wednesday. The latest release of Israeli hostages by Hamas also helped assuage traders’ concerns about the potential for an escalating conflict that could disrupt oil supplies and send prices higher.
“There is some relief over the release of some Israeli hostages held by Hamas, although the concern that hostilities will escalate remains,” said David Morrison, senior market analyst at Trade Nation, in emailed commentary.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Chinese stocks erase 4 1/2 years of gains as foreign investors flee at record paceJoseph Adinolfi is a markets reporter at MarketWatch.
Leer más »
Chinese stocks have erased 4½ years of gains as foreign investors flee at record paceJoseph Adinolfi is a markets reporter at MarketWatch.
Leer más »
Why Bill Gross expects a U.S. recession to begin by year's endJoseph Adinolfi is a markets reporter at MarketWatch.
Leer más »
Oil giant Chevron buys rival Hess for $53 billion as oil prices surgeChevron-Hess deal comes less than two weeks after Exxon Mobil said that it would acquire Pioneer Natural Resources.
Leer más »
Chevron Bets on Peak Green EnergyThe oil giant invests $53 billion to acquire Hess’s oil and gas assets.
Leer más »
Bitcoin rallies to almost 18-month high on ETF optimismFrances Yue covers the cryptocurrency market for MarketWatch.
Leer más »