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Crude Oil Price Forecast: Surge as EU Weighs Russia Oil Ban – What's Next?

Crude oil prices have once again surged higher as the EU weighs banning oil imports from Russia. ....

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07May2021 Pre-Market Commentary: Copper Price Hits All-Time-High In Commodities Bull Run, DOW Down 23 Points, Nasdaq Explodes Upward +1.4%, US Dollar 90.91, Bitcoin 57300

Nasdaq explodes higher, gold gains, dollar and bond yields crash after dismal jobs data (SPY +0.4%). April payrolls huge miss: just 266k jobs added on expectations of 1 million.
Here is the current market situation from CNN Money
European markets are mixed. The DAX is higher by 0.06%, while the CAC 40 is leading the FTSE 100 lower. They are down 0.43% and 0.07% respectively.
What Is Moving the Markets
Here are the headlines moving the markets.
Why Exxon And Chevron Are Not Going All-Out In The Permian
The U.S. oil supermajors are leading by example what shale drilling discipline should look like. Neither ExxonMobil nor Chevron are rushing to boost production in the biggest American shale play, the Permian, despite the oil price rally this year that has sent WTI prices to above $60 per barrel. The two biggest U.S. oil corporations are now prioritizing debt reduction and increased cash flows to pay down the excess debt they had accumulated last year when ....

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