4 Global Market Updates- 6 July, 2022

 

In this article, we have covered the highlights of global market news about the Oil prices, EUR/USD, US Dollar, Dow Jones and S&P 500.
Oil prices recover from their Tuesday low as supply issues resurface.

Oil prices increased by as much as over 3% on Wednesday before reversing some of their gains as speculators flooded the market after a severe sell-off the previous day. Supply issues are once again at the forefront, despite persistent fears about a worldwide recession.

After falling 9.5 percent on Tuesday, the worst daily decline since March, Brent oil futures climbed as high as $3.08, or 2.9 percent, to $105.85 a barrel in early trading. At 0650 GMT, it was recently up $1.63, or 1.6 percent, at $104.40 a barrel.

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