Join WhatsApp

Join Now

Join Telegram

Join Now

WTI futures is continuously struggling to surpass the magical figure of $100.00

West Texas Intermediate (WTI), futures is continuously struggling to surpass the magical figure of $100.00 from the entire week. The oil prices have remained sideways amid the unavailability of any potential trigger that could guide the asset to a directive move. The black gold has traded in a $96.28-100.70 range and is likely to continue its consolidation further.

The ghost of recession is back in sight as the US corporate has signaled no vacancy slogan due to lower demand. Considering the expectations of slippage in demand due to extreme policy tightening measures by the Federal Reserve (Fed) and other central banks, Google reported a two-week halt in recruitment, while Ford announced plans to cut around 8,000 jobs.

Price pressures are still far from control despite the heavy rate hikes by the central banks and the catalyst which was empowering them to tighten policy unhesitatingly was the tight labor market. Now, expectations of lower headcounts by Google in upcoming quarters may weigh pressure on central banks and the impact of higher inflation will keep lingering on the economy. This has accelerated the odds of a recession situation in the US economy.

Apart from that, unchanged interest rate policy by the People’s Bank of China (PBOC) in times when the economy is going through a pandemic, Chinese economic activities will face more heat. It is worth noting that China is a leading importer of oil and a halt in manufacturing activities in China will pose a significant impact on oil prices.

सोशल मीडिया अपडेट्स के लिए हमें
Facebook (
https://www.facebook.com/goldsilverreports/ )
linkedin (
https://www.linkedin.com/in/nealbhai/ )
 
और Twitter ( https://twitter.com/goldsilverrepor ) पर फॉलो करें।

हमारी फ्री सर्विस और लोगो की paid सर्विस से कई गुना अच्छी है।
आपको हर दिन दिए जाएंगे 3 से 5 कॉल बिलकुल फ्री
हर CALL में PROFIT दिये जायेंगे
तो जल्दी से MCX CHANNEL को JOIN कर लो (NEAL BHAI REPORTS)
JOIN US CLICK HERE

EQUITY CHANNEL को JOIN कर लो (EQUITY FREE TIPS)
JOIN US CLICK HERE

Spread the love

Educating people by helping them understand the benefits of precious metals as part of their portfolios.

Leave a Comment