Oil Prices Surge Ahead of OPEC+ Meeting, Easing Debt Ceiling Concerns
Oil prices rise ahead of OPEC+ meeting and U.S. debt ceiling suspension. Rising inventories balanced by House passage, while demand outlook remains uncertain.
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Oil prices rise ahead of OPEC+ meeting and U.S. debt ceiling suspension. Rising inventories balanced by House passage, while demand outlook remains uncertain.
Investors were jittery as they awaited for lawmakers to vote on a potential resolution to the debt ceiling crisis.
Assures business community that focus of upcoming budget (2023-24) would be broadening tax base and document new taxpayers
House Speaker Kevin McCarthy (R-CA) appeared to temper expectations for conservatives as the speaker negotiates spending cuts with the White House in order to raise the nation's debt ceiling.
Yields remain substantial for Treasuries but increasingly more investors are pulling money out as U.S. default risk looms.