Concerns for Oil Price War - Saudi Arabia and UAE Quarrel

Markets are steady moving into the new week with the dollar relatively unchanged and gold having risen for a fifth day. Ride hailing firm Didi plunged 20% in premarket after Chinese regulators ordered the removal of its platform from app stores just days after its US listings.

Oil has jumped to a six year high after a fight between Saudi Arabia and the UAE  brought an end to OPEC+ supply talks and Saudi raised the price tag per barrel. On thing to consider about all of this is that the risk of conflict escalating into a price war could hamper the global economic recovery and add to inflationary pressures. This could even become a way to strengthen the Federal Reserve’s case for tightening policy as the risk of oil at $100 a barrel is something that could make for an edgy market.

Tune in to hear what's moving Tuesday's market and where to trade to end up in green.