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Dow Soars 300 Points Closure and Oil Transactions



On Tuesday after the United States politicians agreed on a preliminary government closure preventive plan, Dow danced even 405 points. Stocks also increased after Saudi Arabia decided to reduce oil production. Nasdaq and the wider S&P 500 grew by 1.4%
Congressional negotiators said on Monday that they had essentially agreed that the government would not be shut off at the end of this week. The deal will not be final until Congress accepts it, and President Donald Brief will sign it – leaving plenty of room for new development to reach an agreement. But Wall Street was optimistic that American lawmakers would avoid another crisis.

"Markets Avoid Uncertainty, So It's an Impressive News That Removes One of the Major Obstacles to Growth and Prosperity in the US and Better Financial Market Conditions", said Chris Rupkey

The last 5-week closure that ended last month cost the US economy 1
1 Billion US dollars – $ 3 billion. It is not a huge stone for America's nearly $ 20 trillion economy. However, this level of political disagreement has led Wall Street to worry that politicians may agree on something that may be much more serious: increasing the US debt limit

Over the next few months, lawmakers will have to vote for debt in America. If this is not the case, the United States may have failed to pay its debts. This could mean that America would not contribute to its creditors, perhaps by sending a shock through the US treasury market, which the government supports to fund its programs and compensate for the huge budget deficit.

Credit rating agencies have already warned that they will reduce the credit rating of the United States if the legislator does not increase the debt limit, which would increase the amount of money the government has to pay for debt payments. Credit Rating Agencies 2011 Reduced American AAA rating to AA + when government lost debt.

The suspension transaction gives investors hope that politicians will not shoot again when they are potentially

Oil moves more

OPEC, Saudi Arabia-led oil cartel, said it would cut production by 800,000 barrels per day on Tuesday. This has eased investors' concerns that the global economic slowdown would continue to undermine demand and that oil producers are not making enough production.

Over the past weeks, oil has grown after the United States has authorized Venezuela, a major raw material supplier worldwide. Iranian sanctions also supported oil prices

But the increased production of raw materials in the United States last year weighed on oil. However, the price of oil this year may rise from 10% to 15% due to the reduction in OPEC production and sanctions, Francisco Blanch, global research manager at Merrill Lynch, told Julia Chatterly about CNN's First Movement on Tuesday. 19659006] The energy reserves have come together. ( HES ) and Devon Energy ( DVN ) each rose by almost 3%.
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