According to CCTV News, due to the continued obstruction of shipping in the Strait of Hormuz and the uncertain outlook for the second round of negotiations between the United States and Iran, market demand for safe-haven assets has risen again, causing international oil prices to rise sharply at the start of the new trading week, on April 19.
As of 7:15 p.m. ET that day, the price of light crude oil futures for May delivery on the New York Mercantile Exchange stood at US$89.85 per barrel, up 7.16% from the previous trading day's closing price. Meanwhile, the price of London Brent crude oil futures for June delivery rose to US$95.68 per barrel, an increase of 5.86% from the previous trading day's close.
As market optimism was dampened, the three major US stock index futures all fell more than 0.5% at the start of the new trading week on April 19. At the same time, international gold and silver futures prices fell by approximately 1.7% and 2.7%, respectively.
Related News:
Comment