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What Cramer is watching Monday — back to 2020 on S&P 500, possible major OPEC+ oil cut - CtrlF.XYZ

What Cramer is watching Monday — back to 2020 on S&P 500, possible major OPEC+ oil cut

2 years ago 138

Traders connected the level of the NYSE Sept. 30, 2022.

Source: NYSE

What I americium looking astatine Monday, Oct. 3, 2022

U.S. banal futures bounce arsenic the 10-year and 2-year Treasury yields autumn connected the archetypal trading time of October and the last 4th of a unspeakable 2022. The S&P 500 closed astatine its lowest level since November 2020, finishing retired September with its worthy monthly show since March 2020, the period Covid was declared a pandemic. The third-quarter driblet marked the 3rd consecutive quarterly diminution connected Wall Street.
U.S. and planetary lipid prices surge arsenic OPEC+ considers biggest accumulation chopped since 2020, much than 1 cardinal barrels per day. Remember, OPEC+ includes Russia. I pointed retired successful my Sunday commentary for Club members that it's successful Russia's involvement to propulsion crude prices higher arsenic it continues its warfare against Ukraine. The OPEC+ chopped whitethorn not hap but its information comes astatine a atrocious clip due to the fact that crude releases from the United States' Strategic Petroleum Reserve whitethorn beryllium ending. Still different 10 cardinal barrels to beryllium released by November delivery.

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