Oil prices rose but investors cautious
On Monday, Brent once again updated multi-month lows and recorded declines of more than 5%. On Tuesday, when most markets were closed for the celebration of the Catholic Christmas, oil lose up to 10%. Parallel to this, the collapsing global stock indexes – even more encouraging was the rebound in these markets in the medium.
Indeed, the rerun, 26 Dec impressive: the Dow Jones for the first time in history has jumped by 1000 points. Amazon shares have shown the greatest growth for all time of existence, gaining 9.6%. Such a phenomenal situation has formed expectations that we saw a strong purchase, who will stand for the long turn upward.
Meantime, it’s more like a technical rebound in the absence of big players. Christams market reacts very sharply to the news, as there is less investors and speculators. Often, however, the end of the holidays quotes about going back to the same levels from where you started the rapid movement.
Only with the beginning of the new year and the return of the big players in the markets will speak about the formation of a new trend or development of the old.
Simply put, oil and the stock market can return to a decrease in the first weeks 2019го, if suddenly will appear the true signs of growth in oil demand and accelerating global growth, or if OPEC+ announce even more dramatic production cuts.