Page 242 - ஆர்கநைஸேஶந் ஆஃப் தி பெட்ரோலியம் ஏற்றுமதி நாடுகள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
What s next for oil prices as OPEC+ deadlocks, with more talks set for Monday
morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
Oil prices set to test $80 threshold
khaleejtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from khaleejtimes.com Daily Mail and Mail on Sunday newspapers.
Provided by Dow Jones MARKET WRAPS Watch For: EuroCOIN indicator of euro area economic activity; EU PPI; U.S. Employment Report. U.K. Prime Minister Boris Johnson meets German Chancellor Angela Merkel. Opening Call: Equities: European stock futures were pointing to a higher open Friday, after the S&P 500 logging its sixth consecutive session of gains. Stocks have been lifted to record highs from data showing the U.S. economy is growing at a rapid clip and the prospect of a bumper set of second-quarter earnings at the largest companies. Meantime, investors have grown less concerned that the Federal Reserve will raise interest rates to ward off higher inflation.
Oil to sustain surprise rally despite Iran, third COVID-19 wave threat
Who of the traditional bulls predicted a rally that saw oil prices doubling in the last eight months? The short answer is no one.
Of more than 50 analysts polled by Reuters last October when Brent was hovering near $35 per barrel amid a second large wave of global lockdowns to slow the coronavirus pandemic, almost none dared to predict prices would approach $60.
U.S. bank Goldman Sachs saw second-quarter average prices hitting $57.50 a barrel and much smaller Houston-based consultancy Stratas Advisors had the boldest bet at $60.
As prices have exceeded $75 per barrel this June, the most accurate forecasters predict a further rally fuelled by recovering demand and tight OPEC supply – albeit at a more modest pace.
Australian shares close higher on phased economic reopening plan
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.