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Stock impact report

Oil little changed as market weighs mixed drivers [CNBC]

Equinor ASA (EQNR) 
Last equinor asa earnings: 2/6 12:43 am Check Earnings Report
Company Research Source: CNBC
Brent crude futures for January were up 40 cents, or 0.55%, to $73.71 a barrel shortly after 7:30 a.m. ET. U.S. West Texas Intermediate crude futures for December, due to expire on Wednesday, were up 56 cents, or 0.81%, to $69.95. The escalating war between major oil producer Russia and Ukraine has kept a floor under the market this week. “We may expect (Brent) oil prices to stay supported above the $70 level for now, as market participants continue to monitor the geopolitical developments,” said Yeap Jun Rong, market strategist at IG. On Tuesday, Ukraine used U.S. ATACMS missiles to strike Russian territory for the first time, Moscow said, while Russian President Vladimir Putin lowered the bar for a possible nuclear attack. “The price action in the oil market has been relatively uneventful post-U.S. election, with some pick-up in the past couple of days due to a temporary production outage in the North Sea and a further escalation in the nature of the confrontation in Ukrain Show less Read more
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