Crude Oil Prices May Rise on OPEC+ Deal, Lasting Gains Are Suspect

BY admin admin

Crude oil prices may rise if OPEC+ officials agree on a deal to slow-walk oncoming output increases due in 2021, but any gains might be fleeing as Covid-19 keeps demand soft.

Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts

Forex

EURUSD consolidates strong gains this week.

<p>The EURUSD is up 2.3% this week which is the largest gain since November 2022. That has taken the price well above its 100 hour moving average. The market is a bit overbought and today we are

Forex

Redfin reports US rents up +0.3% y/y in July

<p>Redfin today reports that US asking rents rose 0.3% y/y in July. That compares to +13.6% in the year ending July 2022.</p><p>“While rents are flattening out, it’s too early to say

Forex

BOJ Cuts Outlook On All Regional Economies For A Second Quarter

<h2>Record Downgrade</h2> <p>As part of the Bank of Japan’s quarterly Sakura report this week, the bank downgraded its view of all nine of the country’s regional economies for a seco

Copyright © 2025 | WordPress Theme: Xews Lite