[Video] Video Oil hits new highs on geopolitical tensions
Matt Simpson March 8, 2021 4:41 AM
Brent traded above $70 for this first time since January 2020 and WTI rose to a 3.5 year high, after a Saudi oil facility was attacked.
There seems to have been little in the way of stopping oil prices trade higher of late. The tight policy from OPEC along with the global vaccine rollout have helped bullish momentum rise aggressively as its bullish trend resumes.
We also take a look at gold and the S&P 500. Bruised gold bugs may be circling the precious metal after prices failed to hold beneath 1700 last week. And can equity bulls send the S&P 500 to 4,000, or was Friday’s rebound a mere reprieve before prices roll over once more?
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