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Hot on the charts right now: USOIL & US500
Oil prices rebounded as markets focused on a tighter crude supply outlook for the rest of 2023. Demand is expected to remain strong while fears of insufficient supplies are driving prices higher. Saudi Arabia and Russia's extension of cuts will lead to a market deficit through the fourth quarter, according to the International Energy Agency. A lack of cuts in 2024 could create a surplus, but stocks will be at uncomfortably low levels. OPEC also forecasts robust growth in global oil demand in 2023 and 2024. Despite a surprise build-up in US crude and fuel inventories, expectations of the Federal Reserve not raising ... (full story)
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From think.ing.com|Sep 18, 2023Investor expectations for the Bank of England have come a long way since the start of July. Back then markets were pricing four more rate hikes, in addition to the one in August. ...
From statcan.gc.ca|Sep 18, 2023Prices of products manufactured in Canada, as measured by the Industrial Product Price Index (IPPI), rose 1.3% month over month in August and fell 0.5% year over year. Prices of ...
From zawya.com|Sep 18, 2023The Czech Republic received liquefied natural gas (LNG) shipments equal to just over a quarter of annual consumption from Dutch terminal Eemshaven's first year of operation, with ...
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From timera-energy.com|Sep 18, 2023After more than 5 years of negative interest rates in Europe, borrowing costs have surged across the last 18 months. The pace of central bank rate hikes across the developed world ...
From @DeItaone|Sep 18, 2023tweet: YELLEN: PREMARTURE TO FORECAST IMPACT OF UAW STRIKE ON US ECONOMY -CNBC INTERVIEW tweet: YELLEN: LABOR MKT COOLING, DOESN'T INVOLVE SIGNIFICANT LAYOFFS tweet: US TREASURY SECRETARY YELLEN: JOB OPENINGS ARE STILL HIGH, SHOWING A HEALTHY LABOR MARKET. tweet: *Yellen: Expect to See Some Impacts From Fed Rate Increases *Yellen: There Are Lags in Monetary-Policy Impact on Economy *Yellen: Don’t See Any Signs Economy is at Risk of Downturn tweet: YELLEN: US WATCHING OIL PRICES VERY CLOSELY -CNBC
From @DeItaone|Sep 18, 2023tweet: SAUDI ENERGY MINISTER; INT'L ENERGY MARKETS NEED LIGHT HANDED REGULATION tweet: SAUDI ENERGY MINISTER: OPEC CONDUCT 'BENIGN', NO DIFFERENT FROM CENTRAL BANK ACTIONS tweet: SAUDI ENERGY MINISTER: NOT TARGETING PRICES, TARGETING LESS VOLATILITY tweet: SAUDI ENERGY MINISTER ABDULAZIZ: WE WANT TO BE PROACTIVE, PRE-EMPTIVE AND PRECAUTIOUS. tweet: SAUDI ENERGY MINISTER: JURY STILL OUT ON CHINESE DEMAND, EUROPEAN GROWTH AND WHAT CENTRAL BANKERS WILL DO.
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- Posted: Sep 18, 2023 9:15am
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 89
