Tag Archives: Middle Eastern tensions

Joshua Shifrin, the international head of trading strategy at Goldman Sachs, has stated that the bank anticipates the US Federal Reserve to cut interest rates four times in 2024. He also expects inflation in the United States to reach 2% during the year. Shifrin suggests that the first half of …

Goldman Sachs said the disruption to energy flows in the Red Sea would likely not have a major impact on crude oil and liquefied natural gas prices, as opportunities to reroute ships meant production should not be directly affected. Oil prices rose on Tuesday, continuing the gains they achieved in …

In a move to maintain a tight supply, the world’s largest oil exporters, Saudi Arabia and Russia, confirmed the extension of voluntary production cuts until the end of the year. Brent crude futures increased by 0.5 percent, reaching $85.30 per barrel, while US West Texas Intermediate crude rose to $81.05 …

There was little change in oil prices on Friday, but they are heading for a second consecutive week of losses, with the US Central Bank leaving the door open to possible increases in interest rates in the future, as well as declining fears that the conflict in the Middle East …

Oil prices rose in Asian trading on Tuesday, after falling more than three percent in the previous session, as concerns about supplies sparked by the conflict in the Middle East overshadowed weak Chinese data. By 0305 GMT, Brent crude futures for December, which expire on Tuesday, rose 36 cents, or …

On Monday, oil prices fell by more than 1% as investors exercised caution in anticipation of the Federal Reserve’s monetary policy meeting and China’s manufacturing data release later in the week. This caution overshadowed the support generated by heightened tensions in the Middle East. At 0350 GMT, Brent crude futures …

WTI is seeing some back-and-forth for Friday. US Crude Oil barrels bounding between $85.00 and $83.00 per barrel. Oil markets remain concerned about Middle East tensions, but global slowdown hard to ignore.Crude Oil barrels are seeing some tension in the midrange on Friday, in play between $85.00 and $83.00 USD …

US stocks are rising. Bonds are rising as markets reopen following a holiday, in part because investors are seeking safe haven after the escalation of Middle Eastern tensions. However, given that more speakers are scheduled for Tuesday, two Fed officials on Monday discouraged interest rate increases.Investors, particularly oil speculators, will …