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Oil

Global Markets

Global Equity Markets' Rallies In Focus, Highlighting Keener Investor Risk Appetite

(Kitco News) – The feature in the marketplace this week is rallying world stock markets, led by U.S. stock indexes that again hit record highs Wednesday. Asian and European stock indexes were mostly higher Thursday, with U.S. stock indexes also pointed toward firmer openings when the New York day session begins.

The U.S. Dow Jones Industrial Average pushed above 20,000 for the first time ever Wednesday, which is likely to garner the attention of the general public and could invite even more near-term demand for stock shares.

Gold prices are again under pressure Thursday morning, amid the world stock market rallies that highlight the "risk-on" trader and investor mentality

Global Markets

Global Equities In Rally Mode On Hopes For Economic Growth

World stock markets were higher Wednesday, following the lead of solid gains posted in the U.S. equities on Tuesday that saw the major U.S. stock indexes hit record highs. U.S. President Donald Trump said he would revive the U.S. economy when he was running for the office, and this week he is signing directives to fulfill that pledge, including rolling back regulations on business and signing a controversial oil-pipeline-construction directive.

U.S. stock indexes are pointed toward further gains when the New York day session begins.

Oil

Our Top 2017 Oil Stocks to Watch

Oil prices have ballooned 15% since OPEC agreed to cut oil production in November, and that makes our best 2017 oil stocks profitable plays.

Dr. Kent Moors, Money Morning's Global Energy Strategist, believes oil prices will climb even higher this year.

To help investors take advantage of rising oil prices, we’re going to show you the best oil stocks to buy in 2017.

Global Markets

World Stock Markets Mostly Firmer As Focus Remains On Trump Proclamations

European and Asian stock markets were mostly firmer Tuesday, as the world marketplace brushed off the U.S. move Monday to end its participation in the Trans-Pacific Partnership trade group. The move by the Trump administration was widely expected. Pronouncements from the new Trump Administration are the focus of traders and investors early this week.

U.S. stock indexes are pointed toward narrowly mixed openings when the New York day session begins.

Global Markets

World Markets Cautious Ahead Of Trump Inauguration

(Kitco News) – World stock markets were mixed overnight, and tentative ahead of a change in the U.S. presidency Friday. U.S. stock indexes are pointed toward firmer openings when the New York day session begins.

Donald Trump will be inaugurated as the next U.S. president in just a few hours. Traders and investors are wondering what his first 100 days in office will bring. Trump's non-traditional style and stated ambitious economic growth plans that have so far lacked specifics, are worrisome to many market watchers.

Gold prices are modestly weaker in overnight/early U.S. trading.

Global Markets

World Stock Markets Mixed, Quiet Ahead Of Big Batch Of U.S. Data Wednesday

(Kitco News) – Global stock markets were mixed overnight, as the world marketplace is getting a bit anxious as Donald Trump will be inaugurated as the next U.S. president on Friday. Trump's stated ambitious economic growth plans have so far lacked specifics, which is worrisome to many market watchers. Trump has also made remarks that have ruffled the feathers of top Chinese government officials. China is the world's second-largest economy. U.S. stock indexes are pointed toward slightly higher openings when the New York day session begins.

Gold prices are trading near steady and holding on to the good gains scored Tuesday that pushed the yellow metal to a nearly two-month high.

Global Markets

World Stock Markets Jittery, Gold Gains On Brexit, Trump Worries

World stock markets were mostly lower Tuesday. U.S. stock indexes are also pointed toward lower openings when the New York day session begins. U.S. markets were closed for a holiday on Monday. There are fresh geopolitical concerns regarding Brexit.

Gold prices are sharply higher and hit a two-month high Tuesday.

Global Markets

World Stock Markets Mixed Overnight As Big U.S. Banks' Earnings On Deck

European stocks were mostly firmer and Asian stock markets were mixed overnight. China's stock market saw some pressure after weaker-than-expected export data was released. China's exports in December were down 6.1% from the same period last year. U.S. stock indexes are pointed toward slightly higher openings when the New York day session begins. U.S. stock market traders are awaiting a batch of bank corporate earnings reports Friday, including J.P. Morgan Chase.

Gold prices are seeing a mild corrective pullback Friday after hitting a six-week high on Thursday.

Global Markets

World Stock Markets Jittery On Trump Uncertainty

European and Asian stock markets were weaker overnight, on some lingering uncertainty regarding the new U.S. president. U.S. stock indexes are pointed toward weaker openings when the New York day session begins.

The marketplace is still buzzing about U.S. President-Elect Donald Trump's press conference Wednesday. Trump rattled the U.S. stock market with comments about the drug industry. The U.S. dollar index also sunk during and after Trump's presser as some worried about his lack of specifics on economic growth plans. Trump also made disparaging comments about China at his press conference.

Gold prices are moderately higher and hit a six-week high overnight as the bulls continue to gain momentum

Oil

Oil Price News: WTI Crude Oil Rises 2.7% Today

Today's oil price news saw WTI crude oil prices rise over 2.7%.

A new report from the EIA and updates on the OPEC agreement are driving oil prices today.

Here's our oil price news for today...