CIBC Private Wealth US Senior Energy Trader Rebecca Babin likens the oil market to an over-expectant party host:"They wanted those cuts extended into the end of 2024, and we didn't get the gift. And the market's disappointed. So that was the first kind of reaction lower that we saw on Sunday night into Monday.
So we saw crude kind of really get kind of spooked by the fact that hey, barrels are actually going to be coming back.And the last thing and this is probably the most critical the trend following systematic um funds that trade, crude oil flipped from being long to going short at the end of last week.
In an update posted at 9 p.m. last night NYSE said it would "bust" all the "erroneous" trades of Berkshire Hathaway stock at or below $603,718.30 a share. BofA says chip stocks won't peak until mid-2026, and that these 3 sub-industries will thrive until then My Tax Bill Is Huge Because My Investment Accounts Don't Withhold Capital Gains. How Can I Mitigate This Situation?