5 Global Market Updates- 29 June,2022

 

In this article, we have covered the highlights of global market news about the Oil prices pause, U.S. bond rates, declination of the Dollar, Hong Kong Hang Seng index, and dropping of Dow Jones.

Oil prices pause after a three-day surge.

Brent oil prices for August fell 61 cents, or 0.5 percent, to $117.37 a barrel, erasing an earlier gain, while U.S. West Texas Intermediate (WTI) crude futures were down 44 cents, or 0.4 percent, to $111.32 a barrel.

Hiroyuki Kikukawa, general manager of research at Nissan Securities, says, “oil prices will probably linger over $110 a barrel, particularly on fears of possible supply interruptions due to storms as the United States approaches the summer.”

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