The Group of Seven (G7) nations have agreed to put a price cap of $60-per-barrel on Russian crude oil. On Friday, the European Union decided on the same price.
The Dow Industrials Average, a price-weighted average that tracks the performance of 30 blue-chip stocks, has outperformed the broader S&P 500 Index and the tech-weighted Nasdaq Composite
Someone with a lot of money to spend has taken a bearish stance on Chevron (NYSE:CVX).
And retail traders should know.
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.
The U.S. index futures are pointing to a lower start for Wall Street stocks on Monday, as the upward momentum built over the last week falters amid geopolitical tensions.
Oil futures declined over $2 a barrel in Asian trading on Monday, with West Texas Intermediate (WTI) hitting its 11-month low mark weighed by protests in China over Xi Jinping’s harsh COVID-19 restrictions.