STARTRADER Monday’s Market Update 20-11-2023

Oil prices jumped more than 4% on Friday, rebounding from their lowest levels in four months recorded in previous sessions, supported by investor profit-taking and amid US sanctions on some Russian oil tankers.

Meanwhile, the Russian Ministry of Energy stated on Friday that Moscow had lifted restrictions on gasoline exports after canceling most restrictions on diesel exports last month, citing excess in supplies. Wholesale prices also decreased.

Futures for US stocks opened stable at the beginning of the week, heading into the Thanksgiving holiday week, following a strong performance of US indices over the past three weeks, with the US dollar incurring its largest weekly loss in 4 months.

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