Oil prices saw a rise in early Asian trade. This happened after US President Donald Trump extended the trade talk deadline with the European Union. Concerns about US tariffs on the EU have eased. Limited progress in US-Iran nuclear talks also helped. US firms cut operating oil rigs due to lower prices. OPEC+ may increase output next month.
Andrew Ferris warns S&P 500 rally is ‘superbly overvalued’
Andrew Ferris of Ecognosis Advisory suggests that inflation is rising. He believes the Federal Reserve will not cut interest rates in September. He finds the