Stability in American markets
Wall Street started the trading day with a climate of stability, after the recent records set by the S&P 500. At the opening, the Dow Jones showed a slight decline of 56.77 points, corresponding to a decrease of 0.13%. In contrast, the S&P 500 registered an increase of 0.55 points, equal to an increase of 0.01%, while the Nasdaq gained 7.46 points, an increase of 0.04%.
These movements indicate a phase of consolidation for the markets, which are trying to maintain the levels reached in previous sessions
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The price of oil is rising
Another aspect to consider is the trend in the price of WTI oil at Nymex, which saw an increase of 0.47%, reaching 74.97 dollars per barrel. This increase is significant in a context of growing demand for energy and geopolitical tensions affecting the global market. Analysts predict that the price of oil could continue to rise, supported by a post-pandemic economic recovery and increased industrial activity
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Developments in the energy sector
Important news comes from Chevron, which recently started oil production in the Tengiz field, in Kazakhstan, through its Future Growth Project (FGP). This ambitious project aims to increase crude oil production by 260,000 barrels per day, representing a strategic step for the company in strengthening its free cash flow and creating value for shareholders. Chevron’s move is part of a series of strategic developments in the energy sector, which aim to ensure a stable supply of energy in a constantly evolving market
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