Sunday, March 06, 2022

Oil Surges

In overnight trading as of this posting...

Oil futures are at $126/barrel of West Texas Crude. That's the highest level since 2008.

The yield on the 10yr US Bond has fallen to 1.7%.

Gold has risen to 1,992/oz. Silver is at 26.15/oz

Bitcoin, after briefly rising to $43,000 as Russians were buying anything where they thought they could stash cash not subject to sanction or crippling inflation has retreated to a little over $38,000. 

US stock futures are currently down about 1.2%.


1 comment:

unreconstructed rebel said...

All I am going to say is that elections have consequences. After 50 years you would have thought that the electorate might have known better.