Daily Alert – Thursday 18th January 2024: Oil rises as Middle East gets more dangerous

Mark NugentDaily Alert, January 2024

Daily Alert – Thursday 18th January 2024: Oil rises as Middle East gets more dangerous

Good afternoon.

The first full week of trading is winding down as we head towards the weekend. Things continue to get hot in the Red Sea and the surrounding area as the Houthis continue to attack shipping, the US makes further air strikes against them, and Pakistanis retaliate against Iran. The oil price is rising but remains well within the recent range.

Unemployment claims in the US were significantly less than forecast. What an economy it truly is.

My Japan225 short closed out for a modest gain of around 1.1%. Not stellar, bit nice to get off to a winning start.

That’s it from me for this week. Have a great weekend when it comes, and I’ll be back on Monday.

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