Oil Falls As Oversupply Concerns Resurface

Hello MarketClub members everywhere. Oil prices fell on Friday as oversupply concerns resurfaced and the euro and stocks dipped ahead of the first round in a too-close-to-call French presidential election.

MarketClub's Mid-day Market Report

After a two-week losing streak, the major indexes are on track to post weekly gains fueled by Thursday's rally, which was largely driven by Treasury Secretary Steven Mnuchin's comments that the Trump administration would unveil a tax reform plan very soon.

A steady stream of strong earnings through the week continued to bolster market sentiment.

Key levels to watch this week:
S&P 500 (CME:SP500): 2,378.36
Dow (INDEX:DJI): 20,887.50
Gold (FOREX:XAUUSDO): 1,293.80
Crude Oil (NYMEX:CL.M17.E): 53.08
U.S. Dollar (NYBOT:DX.M17.E): 99.29

Every Success,
Jeremy Lutz
INO.com and MarketClub.com

One thought on “Oil Falls As Oversupply Concerns Resurface

  1. This is an educational post regarding the updates of the stocks. Do you think stocks in oils will continue to lower down until the French election? What are the possible risks that may affect the stock market/ Thank you in advance.

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