Crude Oil Aug 25 (CLQ25.NYM)
- Yahoo Finance Video
Israel strikes Iran, oil prices, Netflix earnings: 3 Things
Stock futures edge lower (^DJI, ^IXIC, ^GSPC) ahead of Friday's market open after Israel retaliated against Iran by launching its own series of airstrikes. Crude oil futures (CL=F, BZ=F) retreat on the headlines of increasing Middle East tensions, centered around the airstrikes coordinated by Israel last night. Lastly, Netflix (NFLX) shares fall in pre-market trading in the wake of reporting 9.3 million new subscriber additions in its first quarter. Ultimately, the streamer's second-quarter revenue forecasts have seemed to disappoint investors. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
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Trending tickers: Bitcoin, oil, gold, Netflix
The latest investor updates on stocks that are trending on Friday.
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Gas prices are 'polarizing number' ahead of election: GasBuddy
As US gas prices continue their upward trajectory, the issue has become "a polarizing number," according to GasBuddy's Head of Petroleum Analysis Patrick De Haan. He joins Market Domination Overtime alongside Yahoo Finance's Rick Newman to discuss the underlying factors. De Haan notes that the average gas price has increased by over 60 cents from the January lows, and could reach $3.70 in the next couple of days as the summer season approaches. However, he believes prices are nearing "the potential end of the spring rally." Importantly, De Haan highlights the political significance of gas prices, particularly ahead of the upcoming election. If prices were to go above the $4 per gallon threshold, De Haan believes it could negatively impact President Biden's approval numbers, calling it a "danger zone" from a political standpoint. Furthermore, De Haan identifies fragmentation as one of the key drivers behind persistently higher gas prices. The fact that different regions use various gasoline blends, all under the control of various entities, creates an environment that "could use improvement" and contributes to the elevated prices seen across the country. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Angel Smith
