Everyone is keenly tracking the upcoming US Fed commentary as it will define the mood of the markets. Major gainers in the Indian markets were of Oil and Gas stocks, FMCG & Real Estate companies. Now the question arises Did Crude oil did impact the price? Yes, as the oil and gas index rose to around 1.3% as the price of 1 barrel of crude oil reached to $87/bbl.
In the global market. The Asian markets did pretty well as it closed higher while the other global markets like the European one has opened lower as many of the investors worldwide awaited the latest update from the Fed.
Recent Observations on Crude Oil Impact
As per the recent observations, whenever there’s a Fed meeting the markets worldwide have a sentiment of fear amongst the retail investors which most of the times caused panic selling in the market.
However, Crude Oil prices have always played a major role deciding the market driving sentiments from a very long time. What do you think about this? Do let us know in the comments below.
Source : Investing.com
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