In the coming days, the top three U.S. airlines are expected to release their Q1 2022 earnings figures. Although travel has come a long way toward recovery in the past year, high jet fuel prices may still prove an obstacle to full profitability.
Traders on global Oil markets pushed black gold’s price down on Thursday morning. Continuing peace talks as well as a lockdown in Shanghai and a potential release of U.S. strategic reserves could have contributed to this downtrend.
As the conflict between Russia and Ukraine reaches its twelfth day, the market mood across the world may be turning risk-averse. The prices of many commodities are reaching skywards while some Indices are in the doldrums.