US Economy Officially in Recession

Wayne Lee
Daily Market News & InsightsDaily Market News & Insights

The National Bureau of Economic Research’s Business Cycle Dating Committee announced on Monday that the US officially entered a recession in February. The downturn, caused by the coronavirus pandemic, led economic activity to fall sharply.  This decline is the first since 2009, when the last recession ended, and marks the end of the longest expansion […]

Crude Reaches Highest Level This Month

Wayne Lee
Daily Market News & InsightsDaily Market News & Insights

Yesterday, oil prices reached their highest level this month as US sanctions on Russian oil company, Rosneft, and unrest in Libya added more uncertainty and concerns for the global crude supply. Crude prices are up this morning on optimism that China will enact economic stimulus to soften the demand destruction caused by the coronavirus.  Chinese […]

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The information contained herein is derived from sources believed to be reliable; however, this information is not guaranteed as to its accuracy or completeness. Furthermore, no responsibility is assumed for use of this material and no express or implied warranties or guarantees are made. This material and any view or comment expressed herein are provided for informational purposes only and should not be construed in any way as an inducement or recommendation to buy or sell products, commodity futures or options contracts.

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