A growing number of analysts forecast Brent will surpass $100 a barrel this year
Retail fuel prices in the U.S. and Europe have risen to multi-month highs as crude prices have rallied.
A long run above $100 could increase inflationary concerns for governments that have hiked interest rates to combat rising prices as their economies emerged from the COVID-19 pandemic. But Russia may be unable to curb exports for a protracted period given the toll of the war in Ukraine on its finances, PVM’s Tamas Varga said.
The U.S. Federal Reserve on Wednesday pressed pause on interest rates, but did not rule out one more hike this year. Restrictions on fuel exports and increasing refinery utilization are potential options. The U.S. government already drew on crude reserves last year to add supply to the market.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Ex-Wall Streeters Help Washington Divvy Up $100 Billion to Win the Global Chip RaceFor years the titans of finance have argued Wall Street could spend money more efficiently than the government can. Now a handful of bankers will get the chance to see if they’re right.
Lire la suite »
I asked ChatGPT about BNB as Binance gets minor respite from courtChatGPT predicts BNB will hit the price range of $50-$100 towards the end of 2023 as the court rejects the SEC's request for inspecting Binance documents.
Lire la suite »
Oil Resumes Rally as Hedge Funds Join Increasingly Bullish Bets(Bloomberg) -- Oil climbed for a second day as hedge funds piled on bets that tightening supplies will see a resumption of the rally after a pause last week.Most Read from BloombergChinese Gold Buying Is Driving a Paradigm Shift in BullionStocks Flash Recession Warning as Trouble Spreads to IndustrialsWells Fargo Preps for Wealth Battle After $1 Billion TurnaroundBond Market Faces Quandary After Fed Signals It’s Almost DoneUS to Keep a Distance From India-Canada Dispute, Signum’s Myers SaysWest
Lire la suite »
Oil Resumes Rally as Hedge Funds Join Increasingly Bullish BetsOil climbed for a second day as hedge funds piled on bets that tightening supplies will see a resumption of the rally after a pause last week.
Lire la suite »
Oil Price Surge Upends Emerging-Market Disinflation Trade(Bloomberg) -- Just a couple of months ago, emerging-market assets were all the rage as inflation eased and interest rate-cut bets surfaced. The trade has all but fizzled out. Most Read from BloombergWells Fargo Preps for Wealth Battle After $1 Billion TurnaroundUS to Keep a Distance From India-Canada Dispute, Signum’s Myers SaysBond Market Faces Quandary After Fed Signals It’s Almost DoneChina’s Ultra-Rich Gen Zs Flock Home as Global Tensions RiseRaw Meat-Eating Liver King And Other Health Infl
Lire la suite »