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11Feb2021 Pre-Market Commentary: Market Appears On Its Way To Open Flat

Global markets are mixed this morning with only small movements up or down. Gold is trending up, oil is mixed, and bitcoin is also trending up.
Here is the current market situation from CNN Money
European markets are mixed today. The DAX is up 0.52% while the FTSE 100 gains 0.06%. The CAC 40 is off 0.36%.
What Is Moving the Markets
Here are the headlines moving the markets.
How Much Higher Can Oil Prices Go?
Oil prices have rallied back to the point they are almost ready to match pre-Covid levels. There are two key drivers for this miracle, which no one predicted early on as being possible in this period of time. The first is the production curbs by U.S. producers and of course, the millions of barrels of oil per day withheld by the OPEC+ cartel. The second is recovering demand, putting-so far, slight pressure on supplies, and creating a market condition known as Backwardation. A market condition where the future price of a commodity

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Biden Mulls Domestic Travel Restrictions Despite Improving COVID Backdrop – Biden Admin Says It Will Continue Trump DOJ's Extradition Of Julian Assange – Number Of Americans On Jobless Benefits Surges Back Above 20 Million – Top Publisher Conde Nast Skips Rent Payment At One World Trade – Platinum Soars To Six Year Highs Amid Supply Shortage, Industrial Demand Hope – Kolanovic: A New Commodity Supercycle Has Begun – NATO Chief Tells Ukraine "Door Remains Open" For Membership As Russia Fumes – London Mayor Appoints Woke Activist Brigade To "Review" Statues For "Diversity" – "Show Of Force Unseen Since Cold War": US Military Flexes In Norway – Facebook Hires Former NATO Press Officer As Its 'Intelligence Chief' – MasterCard Joins Visa, PayPal On The Crypto Payments Bandwagon – CAPITOL FALSE FLAG PSYOP: A Devious Black Op to Cancel the Patriot Movement – AOC And Schumer Want Taxpayer Funding For COVID-19 Funerals – A Third Of All US Homeowners Own Property Worth Double The Underlying Mortgage – Up 3,800% In Two Weeks… And It's Not Gamestop – America's Oldest Bank Adopts Cryptocurrencies, Will Treat #Bitcoin "As Any Other Asset" – Tokyo Olympics Chief Mori Resigns After Telling Press Briefing "Women Talk Too Much" 😂 😂 😂 – Dozens Of Former Anti-Trump GOP Officials Discussing Formation Of 'Center-Right Breakaway Party' – Biden Holds First Phone Call With Xi, Both Sides Offer Vastly Different Accounts Of What Was Said – The Dystopian Bubble: George Orwell Meets Charles Mackay – Infinite Unknown

Biden Mulls Domestic Travel Restrictions Despite Improving COVID Backdrop – Biden Admin Says It Will Continue Trump DOJ's Extradition Of Julian Assange – Number Of Americans On Jobless Benefits Surges Back Above 20 Million – Top Publisher Conde Nast Skips Rent Payment At One World Trade – Platinum Soars To Six Year Highs Amid Supply Shortage, Industrial Demand Hope – Kolanovic: A New Commodity Supercycle Has Begun – NATO Chief Tells Ukraine "Door Remains Open" For Membership As Russia Fumes – London Mayor Appoints Woke Activist Brigade To "Review" Statues For "Diversity" – "Show Of Force Unseen Since Cold War": US Military Flexes In Norway – Facebook Hires Former NATO Press Officer As Its 'Intelligence Chief' – MasterCard Joins Visa, PayPal On The Crypto Payments Bandwagon – CAPITOL FALSE FLAG PSYOP: A Devious Black Op to Cancel the Patriot Movement – AOC And Schumer Want Taxpayer Funding For COVID-19 Funerals – A Third Of All US Homeowners Own Property Worth Double The Underlying Mortgage – Up 3,800% In Two Weeks… And It's Not Gamestop – America's Oldest Bank Adopts Cryptocurrencies, Will Treat #Bitcoin "As Any Other Asset" – Tokyo Olympics Chief Mori Resigns After Telling Press Briefing "Women Talk Too Much" 😂 😂 😂 – Dozens Of Former Anti-Trump GOP Officials Discussing Formation Of 'Center-Right Breakaway Party' – Biden Holds First Phone Call With Xi, Both Sides Offer Vastly Different Accounts Of What Was Said – The Dystopian Bubble: George Orwell Meets Charles Mackay – Infinite Unknown
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