Oil prices fell after Israel’s attack on Iran, with Brent crude futures dropping 5% to $71.99 a barrel before rebounding to $72.82 and West Texas Intermediate falling 4.4% to $68.63. Iran’s supreme leader signaled a measured response, easing fears of a full-blown war, while analysts suggest the focus is shifting towards oversupply risks in 2025 as Opec members plan production cuts. Despite tensions, the geopolitical risk premium in oil prices remains limited due to high spare capacity and minimal impact on regional oil supply.
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Billionaire David Tepper Sold 97% of Appaloosa's Nvidia Stake and His Entire Position in AMD in Favor of This Trillion-Dollar Artificial Intelligence (AI) Stock
The rise of the internet over 30 years ago marked a significant growth opportunity for corporate America, and investors are now anticipating a similar transformation with the evolution of artificial intelligence (AI). Companies are investing heavily in AI technologies, with PwC estimating a 26% increase in global GDP by 2030 as a result of AI advancements. Explain It To Me Like I'm 5: Big companies are excited about new technology called artificial intelligence, which can...
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