Oil rises towards $75 as U.S. demand and Fed outweigh virus concern
Oil rose towards $75 on Thursday supported by record U.S. implied demand and falling crude stockpiles, even as the spread of the Omicron coronavirus variant threatens to put a brake on consumption globally.
In 2022, global crude oil prices are expected to fall!
Since the third quarter of 2020, global demand for crude oil and petroleum products has outpaced supply, resulting in lower stock levels and higher crude oil prices. According to the Energy Information Administration’s most recent forecast, Brent crude oil spot prices are expected to remain near current levels through the end of 2021. (EIA). In […]
Stocks slip, short-term yields leap with inflation
Tech shares slipped and short-term Treasury yields jumped on Wednesday as investors expect inflation to prompt interest rate hikes, with a hotter-than-forecast reading in Australia the latest sign of prices pressuring central bankers to act.
Marketmind: What could possibly go wrong?
Optimism for the third quarter earnings season has provided a timely boost for equity markets, which flirted with correction territory in September.
U.S. Gulf crude oil ramps up after hurricane losses -data
U.S. Gulf Coast crude oil exports are flowing again after recent hurricanes took out 26 million barrels of offshore production, according to sources and Refinitiv Eikon data, with local prices easing as more shipments moved out of the region.
U.S. Gulf Coast energy firms face another hurricane hit
Evacuations were underway on Monday from offshore U.S. Gulf of Mexico oil platforms as onshore oil refiners began preparing for rain and heavy winds from a second hurricane in as many weeks.
Oil rises on declining inventories and weaker dollar
Oil prices edged higher on Thursday, supported by a sharp decline in U.S. crude stocks and a weaker dollar, though gains were capped by an OPEC+ decision to stick to its policy of gradually increasing output.
China’s export slowdown in July may signal more bumps ahead
China’s export growth unexpectedly slowed in July following outbreaks of COVID-19 cases, while imports also lost momentum, pointing to a slowdown in the country’s industrial sector in the second half even as easing global lockdowns boost commerce.
Oil piles on losses following OPEC+ deal to boost supply, rising COVID cases
Oil slumped $5 a barrel on Monday, closing out its worst day since March, after an OPEC+ agreement to boost output stoked fears of a surplus just as rising COVID-19 infections once again threaten demand.
World shares cling near record highs
World stocks clung close to record highs on Monday as worries about the Delta variant of COVID-19 offset positive sentiment from surging euro zone business activity and a welcome U.S. jobs report.
