Oil prices fell amid expectations that OPEC+ would increase production again. Various trends were observed towards the end of the week on several major global stock exchanges, including those in Asia and the US. Investor reactions following the release of inflation data drew attention.
Redaksiya reports that, according to stock market experts, the decision by OPEC+ members to increase production could lead to an increase in supply in the oil market. This, in turn, affects the drop in prices. At the same time, although inflation figures in the US came out as expected, weekly losses were recorded in stock market indices. The S&P 500 and Nasdaq indices ended the week with negative results.
Stock market experts, evaluating investors' reactions to inflation data, emphasize that the market is in a state of uncertainty. Following the recent three-day losing streak on Wall Street, an increase in stock market indicators was observed. However, the weekly results generally reflected a negative trend.