Wall Street penalized by oil drop – Magazine Saturday

Wall Street penalized by oil drop

The American squares tore the week in negative territory, penalized by the drop in oil prices. Additionally, investors await the meeting of the Fed to realize the direction of monetary policy.

April 25, 2016 • Business

By Ana Laranjeiro – Business Journal

the main stock exchanges of the United States pulled the session on Monday! Thursday, April 25, in negative territory. The Dow Jones opened falling 0.07% to 17,990.94 points, the Nasdaq down 0.30% to 4,891.480 points and the S & amp;. P 500 losing 0.30% to 2085.67 points

behavior of US equities is being penalized in particular by falling oil prices. The West Texas Intermediate traded in New York down 0.16% to $ 43.66 per barrel.
The price of the raw material is being penalized by signs that excess supply of raw materials will extend as producers of the Middle East are increasing their offer. The Saudi oil company will complete the expansion of the Shaybah oilfield in late May.
With the expansion of this structure, the largest exporter of “black gold” will maintain the ability to produce daily 12 million barrels, according to two sources cited by Bloomberg. Iran, a country also oil producer, increased its production by one million barrels per day since economic sanctions were lifted in January. These data are penalizing the price of raw material.
Additionally, investors await the meeting of the central banks of Japan and the United States, scheduled for this week to realize the direction of monetary policy these two major world economies.
Peter Cardillo, economist at First American Standard Financial, told Reuters, argued that “investors have a lot to digest this week with the meeting of the Fed, with oil prices and the results of the companies, which can lead to increased uncertainty and volatility in the markets. “

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