Tag Archives: economic slowdown

WTI crude oil is down 0.55% at $70 per barrel due to global economic slowdown concerns. Despite Saudi Arabia and Russia’s supply cut announcement, concerns over manufacturing activity slowdown worldwide continue to impact WTI prices. At the time of writing WTI is trading at $70.24 per barrel.China’s Caixin PMI expanded …

Recent rate increases by central banks, headed by the BoE on Thursday, fuel concerns about a decline in oil demand. Despite recent decreases in OPEC+ output and an unexpected drop in US petroleum stocks, WTI declines. In light of worries about an economic downturn, traders are turning their attention to …

Oil prices fell on Monday, as concerns about fuel demand in the United States and China, the world’s two largest consumers, outweighed optimism about tight supplies due to any production cuts from the OPEC + group and the United States resuming purchases of its reserves. And by 0130 GMT, Brent …

Oil prices fell on Friday, on track for their fourth weekly decline, as economic concerns in the United States and China renewed concerns about fuel demand growth in the world’s two largest oil consumers. And by 0510 GMT, Brent crude futures fell 37 cents, or 0.49 percent, to $ 74.61 …

Oil prices rose in early Asian trading on Thursday after the impact of strong fuel demand in the United States outweighed fears that the world’s largest oil producer and consumer might default on its debt. And by 0015 GMT, Brent crude futures rose 26 cents, or 0.34 percent, to $ …

Oil prices rose on Monday as fears of a recession in the United States eased and shifted market focus to tight supply, supporting prices after they posted a weekly decline for three consecutive weeks for the first time since November. A better-than-expected US jobs report for April helped oil prices …

Oil prices rose slightly in early Asian trading on Monday as fears of a recession in the United States began to recede, after causing prices to fall for three consecutive weeks for the first time since November. Brent crude futures rose 6 cents to $75.36 a barrel by 0022 GMT. …

WTI oil recovers with a 3% rise, but fears about rate hikes are lurking, possibly casting a shadow over the oil market. An increase in US employment helps Wall Street recover and reduces the influence of the dollar on oil prices. Despite supply curbs from OPEC+, China’s declining manufacturing activity …

The Philadelphia Fed said that the last week saw an increase in first jobless claims in the US as manufacturing output fell. Although rates need to be higher, Cleveland’s Fed Loretta Mester is pleased with the progress on inflation.Following data from the United States that shows more economic deterioration, which …

The price of gold is rising, however it is still below the year’s highs, which were previously set at about $2,048.79, as US data showed the US economy is still slowing down. As a result, the US Dollar (USD) declined as US Treasury bond yields continued to decline, while Gold …