Markets Brief: Inflation Back in the Spotlight
Consumer confidence and PCE data the highlights of a shortened trading week
Source: morningstar.com
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Oil Steadies as OPEC+ Restraint Balances Interest Rate Concerns
Global oil prices steadied on Tuesday as the prospect of OPEC+ maintaining oil supply curbs at its June 2 meeting and hopes of strong US summer fuel demand balanced concern about higher-for-longer US interest rates. On Monday, oil rose over 1% in muted trade owing to public holidays in Britain and the U.States, with hopes of strong fuel demand with the start of the US summer driving and vacation season providing support.
Source: aawsat.com
Global stock markets swing ahead of key inflation data
Risk sentiment has faltered in recent weeks as the focus shifts to a plethora of economic data that is released later this week.
Source: iol.co.za
Oil rises, markets tread water before key inflation data
Oil prices rose Tuesday on tensions in the Middle East while stock markets wavered as investors awaited key inflation data later this week.
Source: lebanondemocrat.com
Permian Break-Even Costs Low: 3 Energy Stocks to Gain - Chevron (NYSE:CVX), Diamondback Energy (NASDAQ:FANG)
With its low break-even costs and reliable regulatory framework, the Permian Basin presents an appealing opportunity for oil and gas investors seeking sustained growth and profitability over the long haul. The current favorable oil pricing environment further enhances the business outlook in the United States' most prolific basin. Rising Oil Prices
Source: benzinga.com