Linea Mercati Interview 3/22/24
March 25, 2024
US Stocks Fall, But Boeing CEO’s Departure Well-received
March 25, 2024Crude oil futures gain as the week starts with geopolitical tensions running high. Russia launched attacks on Ukrainian energy facilities in response to Ukraine drone strikes on its refineries, and implicates Ukraine in a terrorist attack that left more than 130 dead Friday at a Moscow concert hall. ISIS claimed responsibility for attack. In the Middle East, talks aimed at a cease-fire and hostage-release agreement between Israel and Hamas stalled. “Tightening global supplies and escalating war factors between Ukraine and Russia,” are supporting crude’s gains, says Peter Cardillo of Spartan Capital in a note. WTI for May delivery is up 0.7% at $81.20 a barrel, and Brent is up 0.6% at $85.94 a barrel.
