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  • Aug 09, 2024

Analysis-Global oil demand needs to rise faster to absorb OPEC+ hike

Global oil demand growth needs to accelerate in coming months or the market will struggle to absorb an increase in oil supply that OPEC+ is planning to make from October, according to data, analysts and industry sources. Oil demand growth in the first seven months of the year from top consumers the United States and China had failed to meet some expectations even before renewed fears of a U.S. recession triggered a global stock and bond sell-off this week. If the economy slows further, oil demand growth will likely slow with it.

  • Aug 09, 2024

Oil Poised for Weekly Gain With Eyes on Middle East, Equities

(Bloomberg) -- Oil steadied after a three-day rebound, with traders monitoring developments in the Middle East and a rally in wider markets. Most Read from BloombergHow a Tiny Midwestern Town Became a Mecca for Modern ArchitectureAfrica’s Richest City Needs $12 Billion to Fix InfrastructureNYC Subway Riders See ‘Exceptionally High’ Air PollutionNew York City Paid $2 Million for Empty Hotel Rooms Meant for MigrantsNew York City’s Outdoor Dining Sheds Will Start DisappearingBrent traded near $79 a

  • Aug 08, 2024

Fed Seen Rejecting Calls for Jumbo Rate Cut in Economist Survey

(Bloomberg) -- A large majority of economists surveyed see only a quarter-point decrease in interest rates coming in September — a finding that’s at odds with calls from some large Wall Street banks for a jumbo cut at the next meeting.Most Read from BloombergHow a Tiny Midwestern Town Became a Mecca for Modern ArchitectureAfrica’s Richest City Needs $12 Billion to Fix InfrastructureNYC Subway Riders See ‘Exceptionally High’ Air PollutionNew York City Paid $2 Million for Empty Hotel Rooms Meant f

  • Aug 08, 2024

Stocks Rebound as Jobs Data Calms Market Jitters: Markets Wrap

(Bloomberg) -- Asian equities were poised for gains on Friday after signs of resilience in the labor market lifted US stocks.Most Read from BloombergAfrica’s Richest City Needs $12 Billion to Fix InfrastructureHow a Tiny Midwestern Town Became a Mecca for Modern ArchitectureNYC Subway Riders See ‘Exceptionally High’ Air PollutionNew York City Paid $2 Million for Empty Hotel Rooms Meant for MigrantsNew York City’s Outdoor Dining Sheds Will Start DisappearingEquity futures for Japan, Australia and

  • Aug 08, 2024

Colombian Inflation Slows More Than Forecast to Least Since 2021

(Bloomberg) -- Colombian inflation slowed more than forecast to its lowest level since 2021, bolstering President Gustavo Petro’s calls for faster monetary easing. Most Read from BloombergAfrica’s Richest City Needs $12 Billion to Fix InfrastructureHow a Tiny Midwestern Town Became a Mecca for Modern ArchitectureNYC Subway Riders See ‘Exceptionally High’ Air PollutionNew York City Paid $2 Million for Empty Hotel Rooms Meant for MigrantsNew York City’s Outdoor Dining Sheds Will Start Disappearing

  • Aug 08, 2024

Matt Gaetz Who Proposed Bill To Collect Federal Income Taxes In Bitcoin Now Wants Blinken To Downgrade US Travel Advisory To El Salvador

The Congressional El Salvador Caucus urged the Joe Biden administration to ease El Salvador's travel advisory to Level 1 from the current Level 3. What Happened: Led by Rep. Matt Gaetz (R-Fla.) and Rep. Vicente Gonzalez (D-Texas), the bipartisan caucus sent a letter to Secretary of State Anthony Blinken, requesting the government to ease the advisory to the lowest Level 1, which corresponds to "Exercise Normal Precautions." Don't Miss: According to Cathie Wood, holding 6 Ethereum (ETH) could mak

  • Aug 08, 2024

Matt Gaetz Who Proposed Bill To Collect Federal Income Taxes In Bitcoin Now Wants Blinken To Downgrade US Travel Advisory To El Salvador

The Congressional El Salvador Caucus urged the Joe Biden administration to ease El Salvador's travel advisory to Level 1 from the current Level 3. What Happened: Led by Rep. Matt Gaetz (R-Fla.) and Rep. Vicente Gonzalez (D-Texas), the bipartisan caucus sent a letter to Secretary of State Anthony Blinken, requesting the government to ease the advisory to the lowest Level 1, which corresponds to "Exercise Normal Precautions." Don't Miss: According to Cathie Wood, holding 6 Ethereum (ETH) could mak

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