vimarsana.com

Page 224 - ஆர்கநைஸேஶந் ஆஃப் தி பெட்ரோலியம் ஏற்றுமதி நாடுகள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Macro Roundup (Jul 5)_SMM | Shanghai Non ferrous Metals

Macro Roundup (Jul 5) CST Source:SMM The dollar slipped from a three-month high on Friday, weighed down by some of the weaker details of what was an overall strong US non-farm payrolls report for June. SHANGHAI, Jul 5 (SMM) This is a roundup of global macroeconomic news last night and what is expected today. The dollar slipped from a three-month high on Friday, weighed down by some of the weaker details of what was an overall strong US non-farm payrolls report for June. Despite Friday s slide, the dollar was still poised to end the week on a positive note, with a 0.6% gain. Going into the report, the dollar traded higher on the expectation of a robust jobs number.

OPEC+ stumbles, but an eventual compromise may be bearish for crude

The question for market participants is whether they believe the ongoing recovery in demand is strong enough to offset the likely addition of barrels from OPEC+, as well as from producers outside the group keen to take advantage of the current strength in prices. LAUNCESTON, Australia: The OPEC+ group of oil exporters is struggling to reach a compromise over just how much more crude to supply to the market, but assuming a deal is eventually cut, it s likely to be bearish for prices. The group had agreed last week to boost its production by a total of 2 million barrels per day (bpd) from August to December. But that accord wasn t ratified after the United Arab Emirates (UAE) wanted changes that would allow it to increase its output by a larger amount.

© 2025 Vimarsana

vimarsana © 2020. All Rights Reserved.