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Futures Rise Despite Oil Bounce, As Nvidia Keeps AI Euphoria Going
Futures Rise Despite Oil Bounce, As Nvidia Keeps AI Euphoria Going
Futures are positive and at session highs even as the a lack of a US / Iran deal pushes oil prices, bond yields, and volatility higher. As of 8:00am ET, S&P futures are up 0.3% to a new all time high of 7620; Nasdaq futures rise 0.2%: the Computex AI Conference kicked off; biggest news is NVDA to enter PC space with a new chip challenging AMD / INTC, helping send its stock up 2.3%. Microsoft shares gain 3.1% after...
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UK Moves To Ban New North Sea Oil & Gas Licenses Permanently
UK Moves To Ban New North Sea Oil & Gas Licenses Permanently
Via City AM,
The UK government will introduce legislation banning new North Sea oil and gas exploration licences as part of its Energy Independence Bill.
Critics argue the policy will increase Britain’s reliance on imported fossil fuels while damaging Scotland’s oil and gas industry.
Rising oil prices and disruptions tied to the Iran conflict have intensified political pressure on Labour to reconsider the ban.
The government will make it illegal to grant new oil and gas licences in the North Sea, the King...
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