NYSEARCA:USO - NYSE Arca - US91232N2071 - ETF - Currency: USD
Trump celebrates economic renewal, claiming low inflation and strong job growth. Urges Fed to lower rates, criticizes Powell, but won't remove him.
Mentions: UGA
US markets closed higher on strong earnings from Microsoft and Meta. Economic data showed mixed results. European and Asian markets also rose.
West Texas Intermediate crude futures fell to as low as $62.57, down 3.30% or $2.10 from Tuesday’s closing price.
However, IG Market Strategist Yeap Jun Rong expects crude oil prices to inch lower if the U.S. and Iran strike a nuclear deal.