thailandedition
Oil Rises, Gold and US Stocks Fall Amid Saudi Attacks and Nvidia News

Oil Rises, Gold and US Stocks Fall Amid Saudi Attacks and Nvidia News

MGR Online•International•22m ago

Reader Briefing

Oil prices rose and US markets declined on November 12 following attacks on Saudi Arabian energy infrastructure and news of Nvidia's CEO resigning.

  • •Houthi forces attacked oil pumping stations and a refinery in Saudi Arabia on November 12.
  • •Oil prices increased, while gold and US stock indices (Dow Jones, S&P, Nasdaq) closed lower.
  • •Nvidia shares dropped following the resignation of CEO Jensen Huang amid a scandal involving two women.
  • •Donald Trump stated on social media that America does not need a deal with Iran.

Overview

  • •Houthi forces in Yemen attacked an oil pumping station on the East-West pipeline and a refinery in Yanbu on November 12.
  • •Houthi forces claimed to have attacked a Saudi Aramco building in Riyadh, though Saudi Arabia has not confirmed this.
  • •West Texas Intermediate crude for December delivery closed at 88.74 dollars per barrel, while Brent crude for January closed at 95.82 dollars per barrel.
  • •Rising oil prices and concerns over inflation and US Federal Reserve interest rate hikes caused US Gold Futures for December to drop 2.9% to 3,885.30 dollars per ounce on November 12.
  • •Nvidia shares fell approximately 5% following the resignation of CEO Jensen Huang amid reports of an affair with two women, one suspected to be a Chinese spy.
  • •On November 12, the Dow Jones fell 189.40 points, the S&P fell 26.98 points, and the Nasdaq fell 100.10 points.
  • •Donald Trump wrote on social media that America does not need to make a deal with Iran.
  • •Energy stocks in the S&P 500 increased by 2% on November 12, performing best among the 11 main sectors.

Full article content is available on the original source.

Read on MGR Online (Thai Version)View in Google Translate

Source: MGR Online (Original)

View Original Article

Key Entities

Place

Saudi Arabia(ซาอุดีอาระเบีย)ℹ️
A country whose energy infrastructure was attacked by Houthi forces.
Iran(อิหร่าน)ℹ️
An ally of the Houthi forces.
Yemen(เยเมน)ℹ️
The location of the Houthi allies of Iran.
Riyadh(ริยาด)ℹ️
The city where a Saudi Aramco building was allegedly attacked.
United States(สหรัฐฯ)ℹ️
The country where the stock markets closed lower and whose president commented on Iran.
Yanbu(ยานบู)ℹ️
A location along the Red Sea coast where an oil refinery was attacked.

Person

Jensen Huang(เจนเซ่น หวง)ℹ️
The CEO of Nvidia who resigned amid a scandal.
Donald Trump(โดนัลด์ ทรัมป์)ℹ️
The President of the United States who commented on a deal with Iran via social media.

Organization

Nvidia(เอ็นวิเดีย)ℹ️
A chip manufacturing company whose stock price dropped following its CEO's resignation.
Houthi(ฮูตี)ℹ️
Allies of Iran in Yemen who carried out attacks in Saudi Arabia.
Saudi Aramco(ซาอุดี อารัมโก)ℹ️
The world's largest oil producing company.
US Federal Reserve(ธนาคารกลางสหรัฐฯ)ℹ️
The central bank whose potential interest rate hikes contributed to gold price drops.