Oil hit its near-term bottom on Tuesday: MBF's Mark Fisher скачать в хорошем качестве

Oil hit its near-term bottom on Tuesday: MBF's Mark Fisher

CNBC's "Halftime Report" team is joined by Mark Fisher of MBF Trading to discuss the severe moves in oil markets. Stocks rose sharply on Thursday as oil prices recovered even more ground after a historic plunge while Wall Street digested the latest U.S. unemployment and earnings data. The Dow Jones Industrial Average climbed 334 points, or 1.4%. The S&P 500 and Nasdaq Composite both advanced 1.3%. At its session high, the Dow was up more than 400 points, or 1.7%. Chevron and Exxon Mobil were among the best-performing stocks in the Dow, climbing more than 3% each. The S&P 500 energy sector gained 4.1% as Apache, Noble and Devon Energy all rallied more than 10%. West Texas Intermediate futures for June delivery jumped 30% to $18 per barrel as traders increased bets on U.S. production cuts. WTI also rallied on Wednesday. Earlier in the week, concerns over a lack of energy demand sent WTI’s May contract — which expired Tuesday — into a negative price. Crude prices are also down sharply year to date even after their strong gains over the past two days. “The resulting price action is highly damaging for many oil producers, and certainly implies a sharp fallback in US shale fracking, contributing to much weaker US exports and capex later this year,” wrote Charles Dumas, chief economist at TS Lombard. Oil’s rebound helped equities claw back some of their steep losses from earlier in the week. Between Monday and Tuesday, the S&P 500 and Dow dropped more than 4% before rallying around 2% on Wednesday. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2JdMwO7 » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC #CNBC #CNBC TV