July 1, 2021

US benchmark oil prices jump 2.8% to $75.51 a barrel and are now less than $1 from levels not seen since 2014. Investors are betting OPEC and Russia, which are meeting today, will decide to continue their policy of keeping barrels out of the market as they increase output at a rather slow pace despite quickly-rebounding global demand as the coronavirus pandemic eases. “We now believe $80 oil prices during the summer months is achievable,” says Peter Cardillo at Spartan Capital. WTI crude rose 51% during the first half of the year, and are now on track for six straight weekly increases. Brent crude also rises, up 2.2% at $76.25.

US benchmark oil prices jump 2.8% to $75.51 a barrel and are now less than $1 from levels not seen since 2014. Investors are betting OPEC […]
June 10, 2021

LIVE MARKETS-We’re having a heatwave: CPI shows inflation mercury rising – Reuters

Major U.S. indexes modestly green; S&P 500 sees new high Healthcare leads S&P sector gainers; financials sole loser Euro STOXX 600 index up ~0.1% Dollar dips; […]
LIVE MARKETS-We’re having a heatwave: CPI shows inflation mercury rising – Reuters
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