MARKET DAILY

Market 01/08: Oil prices and freight rates fluctuate strongly at the start of the week

US Congress passes public spending agreement. Boeing 737 Max 9 incident. Banks' unrealized losses surge, will Fed stop QT from March?

Nhật Thanh Lê
Nhật Thanh Lê

Oil prices are currently plummeting, WTI at risk of slipping below 70 USD threshold.

This occurred after Saudi Aramco cut the selling price of Arab Light crude from above 2 USD/barrel down to higher than >1.5 USD/barrel compared to the regional benchmark oil price.

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