Oil falls $1 as OPEC+ set to carry out Oct oil output hike
By Georgina McCartney (Reuters) -Oil fell on Friday and was on track for a weekly decline, pressured by concerns of more supply entering the market from OPEC+, while Libyan output…
Oil slips on demand concerns, prospect of OPEC+ hike
By Arunima Kumar (Reuters) – Oil prices steadied on Friday on track for a weekly gain as Libyan output disruptions and Iraqi plans to curb production raised supply concerns, while…
US tests for bird flu in California dairy cattle
CHICAGO (Reuters) – The U.S. Department of Agriculture is testing to confirm possible cases of bird flu in dairy cattle in California, the nation’s biggest milk-producing state, USDA said on…
Further pressure on the US dollar is likely: UBS
Investing.com — The US dollar is expected to face increasing downward pressure in the coming months, despite a recent boost from stronger-than-anticipated economic data. As per analysts at UBS, the…
OPEC+ likely to proceed with planned output hike from October, sources say
By Ahmad Ghaddar, Alex Lawler and Olesya Astakhova LONDON/MOSCOW (Reuters) – OPEC+ is set to proceed with a planned oil output hike from October, as Libyan outages and pledged cuts…
Oil prices largely unchanged; set for August losses
Investing.com– Oil prices steadied Friday amid persistent concerns over tighter supplies in Libya and Iraq, but were still nursing losses for August as traders feared a looming slowdown in demand. …
Oil prices face pressure from slow China demand and inventory rise – Reuters poll
By Anushree Ashish Mukherjee (Reuters) – Analysts have lowered their 2024 oil price outlook due to weak fuel demand from leading importer China and rising inventory levels as Saudi Arabia…
A drift towards US recession doesn;t have to mean weaker USD – MacQuarie
Investing.com – The U.S. dollar received a boost overnight with the release of stronger than expected second-quarter growth data. And, even if the U.S. economy heads towards recession that may…
A drift towards US recession doesn’t have to mean weaker USD – MacQuarie
Investing.com – The U.S. dollar received a boost overnight with the release of stronger than expected second-quarter growth data. And, even if the U.S. economy heads towards recession that may…
Morning Bid: Record highs abound, except in usual place
A look at the day ahead in U.S. and global markets from Mike Dolan Record stock market highs have lit up across the world once again – though not yet…
