World Market News of the 6 February with FXOpen #sp500futures #nasdaq100 #oilprices #cryptomining
Stock Futures Little Changed after S&P 500 and Dow Slide from Record Highs
U.S. stock futures were mixed on Tuesday following a sell-off spurred by higher bond yields and worries that the Federal Reserve may not cut rates as much as Wall Street had hoped.
Futures tied to the Dow Jones Industrial Average held near the flatline. S&P 500 futures inched lower by 0.1%, while Nasdaq 100 futures ticked up by 0.3%.
Source: CNBC
“Oil Market Will Face Supply Shortage by End of 2025“
The oil market will face a supply shortage by the end of 2025 because the world is not replacing crude reserves fast enough, Occidental CEO Vicki Hollub said.
About 97% of the oil produced today was discovered in the 20th century, she said.
The world has replaced less than 50% of the crude produced over the last decade, she said.
“We’re in a situation now where in a couple of years’ time we’re going to be very short on supply,” Hollub said.
U.S. crude and the global benchmark are u
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