Market News
LONDON, Sept 12 - Oil prices jumped by about 1% on Tuesday, boosted by a tighter supply outlook and OPEC optimism over the resilience of major economies in the face of rising interest rates.
Brent breached $90 a barrel last week for the first time in 10 months after Saudi Arabia and Russia announced they would extend a combined 1.3 million barrels per day of voluntary supply cuts until the end of the year. The Organization of the Petroleum Exporting Countries on Tuesday stuck to an upbeat demand growth forecast for this year and next.
Meanwhile, August U.S. consumer price index data due on Wednesday is expected to provide some indication on the outlook for U.S. interest rates. The Federal Reserve is widely expected to leave rates unchanged at a policy meeting next week, though views are split over whether it will raise rates in November.The European Commission on Monday forecast that the euro zone will grow more slowly than previously expected in 2023 and 2024.
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.
Oil Holds Near Yearly High Ahead of OPEC, US Market Outlooks(Bloomberg) -- Oil held near its highest level this year before reports that may offer further insight into the market’s balances.Most Read from BloombergTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiThe Mighty American Consumer Is About to Hit a Wall, Investors SayTesla and China Risk Leaving Volkswagen on a Road to NowhereTech Giants Power Stock Gains as Tesla Jumps 10%: Markets WrapMorgan Stanley Sees Dojo Boosting Tesla’s Value by $500 BillionWest Texas Inte
Lire la suite »
OPEC sticks to oil demand growth view citing resilient economyBy Alex Lawler LONDON (Reuters) - OPEC on Tuesday stuck to its forecasts for robust growth in global oil demand in 2023 and 2024 citing signs that ...
Lire la suite »
OPEC Oil Data Show 3 Million-Barrel Shortfall on Saudi Supply SqueezeGlobal oil markets face a supply shortfall of more than 3 million barrels a day next quarter — potentially the biggest deficit in more than a decade — as Saudi Arabia extends its production cuts.
Lire la suite »
OPEC Oil Data Show 3 Million-Barrel Shortfall on Saudi Supply Squeeze(Bloomberg) -- Global oil markets face a supply shortfall of more than 3 million barrels a day next quarter — potentially the biggest deficit in more than a decade — as Saudi Arabia extends its production cuts.Most Read from BloombergTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiThe Mighty American Consumer Is About to Hit a Wall, Investors SayTesla and China Risk Leaving Volkswagen on a Road to NowhereTech Giants Power Stock Gains as Tesla Jumps 10%: Markets Wr
Lire la suite »
OPEC sticks to oil demand growth forecasts in 2023 and 2024In making its decision, OPEC cited signs that major economies are faring better than expected despite headwinds such as high interest rates and elevated inflation
Lire la suite »
Oil prices stable as market awaits data on inventories, economyBy Stephanie Kelly (Reuters) - Brent crude futures hovered just above $90 a barrel on Tuesday, as investors awaited a slew of macroeconomic data due ...
Lire la suite »