Live Breaking News & Updates on Oil Market Rebalancing
Stay updated with breaking news from Oil market rebalancing. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Today, francine. After the three day weekend here in the united states, what i really suggest is the testing of how we get back to normal. The markets decided with futures higher. Francine we will have plenty more on the market shortly, but now lets get straight to bloomberg first word news from new york city. Ritika good morning, in france hasn hong kong, carrie lam defended the sweeping new security laws. She says it is untrue that the legislation would ban street protests. She promised Hong Kong Freedom would be preserved. Prodemocracy groups are planning another major rally tomorrow. President trump is vowing to move the Republican Convention out of North Carolina unless crowds are allowed. Statesa shot at the democratic governor, roy cooper. The president says he wants to be assured that republicans can ga ....
Drop in order for drop in order for for its typhon business jet. And opec secretarygeneral hopes to get the americans on his side saying the Oil Organization will meet with the u. S. To help support their production deal. Good morning glad youre with us once again for spain it may be the day of reckoning as the Catalan Leader, Carles Puigdemont, will be speaking to the Catalan Parliament later today he may or may not declare independence well have to wait and see until 6 00 p. M. Local time a quick look at the stoxx 600, one hour into the trading session. We are pretty much flat, even stevens when it comes to gainers and losers german exports were strong in august, up 3. 1 . Brushing off concerns of the stronger euro given that were seeing stronger demand i ....
Novozymes shares sink as Second Quarter earnings for the biotech firm miss across the board. But the ceo strikes a bullish tone telling cnbc growth rates are likely to pick up. Good morning tgif lets get to breaking news the Oil Market Rebalancing is underway but it could take time before the numbers confirm this trend. Thats according to latest report from the iea. Brent and wti crude prices this morning a little bit lower to the tune of 0. 9 lets get to Neil Atkinson in paris. Are we saying the first signs of backwardation . A little bit, because the market is slowly beginning to tighten. Markets are feeling confident that prices seemed to have stabilized a after nervous period a month or so ago and markets are tightening how quickly will they tighten furth further . Thats also a key question opec production is ....
The oil market rebounding faster as opec implements the deal that i do not know if it has had an impact. It seems pretty selffulfilling, right . We knew they were looking for some kind of agreement to freeze production. If that is implement it, it will help the oil markets. The iea coming out with its monthly report, saying they see the Oil Market Rebalancing faster if the opec deal is important in. It seems a given, but who am i to say . You see brent at 33. 01. We will have plenty more on the iea and go live to a stumble for the petroleum conference. First, here is sebastian selleck. Seb the Republican Party a conferencecalled on Donald Trumps embattled campaign after paul ryan said he will not defend or campaign for the candidate after the comments about women. Stick to illegal immigration and stop running hi ....
Netherlands, and germany. We are 30 minutes away from the end of the session. Falling in all of these countries now. The stoxx 600 was 1. 3 earlier higher. Going downward. This is the currency column. The pound is gaining for a second day. Initially yesterday, even ahead of the confirmation that trump had won the election, we had a the swiss franc, all rose as much as 2 yesterday but those losses were overturned. Money moving into the dollar which it is doing today. We are seeing all sorts of yields rising. Yield curves in germany and france and italy on the expectation that we will see quickening inflation, possibly in the u. S. More Interest Rates hikes. Commodities, look at gold. Down by three quarters of 1 . A busy day. The biggest 5 , gain since saturday. It is the biggest Engineering Company and reported higher Fo ....