Fears of an upcoming recession in the United States, where President Joe Biden also wants to decree measures against gasoline increases, they are sinking the price of oil in the markets.
Texas WTI, according to the Bloomberg platform, fell 3.78% to US$105.4 a barrel, while North Sea Brent fell to US$110.6 (-3.5%).
Contrary to the Argentine stock market and the assets influenced by the CCL dollar, Wall Street’s main indices rose, boosted by statements from Federal Reserve Chairman Jerome Powell.
The official said that the US central bank is “firmly committed” to reducing inflationwhich is at 40-year highs.
Thus, the Dow Jones Industrial Average rose 87.74 points, or 0.28%, to 30,612.55 units; the S&P 500 index was up 20.43 points, or 0.53%, at 3,785.77; and the Nasdaq Composite improved 122.88 points, or 1.11%, to 11,191.92 units.
Source: Ambito
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