Wall Street down slightly, cautious after the rate hike
January 5, 2022Volatile, Wall Street hesitates between green and red after dropping out the day before
January 6, 2022US benchmark oil prices climb as high as $79.54 a barrel early in NY and were recently up 1.6% at $79.11 as violence erupts in Kazakhstan, a 1.6-million-barrel-a-day oil producer that’s a member of the OPEC-plus alliance. The Russian news agency TASS reports dozens of protesters were killed while storming administrative and police buildings when Russian-led troops fought to stop them. “Oil is up over a full point and trading within reach of $80, as Russia sends troops to Kazakhstan,” says Peter Cardillo at Spartan Capital, adding that production outages in Libya due to a busted pipeline are adding price-support as global supplies tighten.
