Miner Company
Review & Preview: Oil Up, GDP Down
The Fed's Dilemma. The week closed as it began, with oil prices setting the direction for stocks. Today, Brent crude, the global benchmark, closed at $103.14 a barrel, its highest level since August 2022. Brent is up 17% over the last three days. West Texas Intermediate crude, the primary U.S. measure, has followed a similar trajectory. It ended the day at $98.71.
The Fed's Dilemma. The week closed as it began, with oil prices setting the direction for stocks. Today, Brent crude, the global benchmark, closed at $103.14 a barrel, its highest level since August 2022. Brent is up 17% over the last three days. West Texas Intermediate crude, the primary U.S. measure, has followed a similar trajectory. It ended the day at $98.71.