Lower oil prices for longer could result in a new epoch of dominance for the Organization of the Petroleum Exporting Countries.
U.S. stocks, which finished virtually unchanged yesterday in what has been a rough start to 2016, were pointing higher in pre-market trading ahead of Federal Reserve Chair Janet Yellen's testimony to U.S. lawmakers, which could shed light on the Fed's latest thinking on interest rate hikes during a turbulent time for financial markets.
Japanese shares have continued their slide, falling almost 7% in two days and entering bear market territory.
Next Trading Day's Important Events
- USDJPY: 115.01
- EURUSD: 1.1254
- S&P 500: 1,852.21
- NASDAQ : 4,329.6