U.S. oil companies are working around a century-old shipping law to supply fuel to the U.S. East Coast, according to data from Refinitiv and oil trading sources, as high demand for gasoline and global disruptions in fuel markets sent prices higher.
| COMMODITY | RESISTANCE | SUPPORT |
| ALUMINIUM | 212.1 | 209.2 |
| COPPER | 667.9 | 654.5 |
| NATURAL GAS | 744.5 | 720.7 |
| CRUDE OIL | 7066.2 | 6925.8 |
| GOLD | 51813.9 | 51272.1 |
| SILVER | 57614.2 | 56215.8 |
China’s yuan fell the most among Asian currencies on Tuesday, hitting a three-month low as a surprise rate cut by the central bank raised concerns over slowing economic growth.
Founder and managing partner of Skybridge Capital, Anthony Scaramucci, has an optimistic outlook for the future of crypto markets, advising investors to “see through the current environment” and “stay patient and stay long term.
Oil prices fell on Tuesday as bleak economic data from top crude buyer China renewed fears of a global recession.futures fell 73 cents, or 0.8%, to $94.37 a barrel by 0313 GMT. WTI crude futures dipped 44 cents, or 0.5%, to $88.97 a barrel.
The U.S. dollar edged higher in early European trade Monday, benefiting from its safe haven status, while the Chinese yuan dipped after a batch of disappointing data from China prompted the country’s central bank to cut interest rates.
