Tag Archives: recession

Brent crude fell below $85 a barrel Monday, September 26th, as recession fears weighed on the US dollar. Brent crude futures fell to around $84.53 early in the day, before recovering to trade around $85.25, and West Texas Intermediate crude futures also retreated from their lowest levels to trade around …

The stock market has experienced two rough weeks, ending recently with a warning from FedEX about an imminent slump in the global economy that sent shares to the red territory.FedEx is but one business among millions of companies across the world, especially in the advanced countries. Transportation stocks are giving …

WTI, drops below $80.00 per barrel on Friday, while the US Dollar remains buoyant as the US Dollar Index rises to levels last seen on May 2002, a headwind for the US dollar-denominated commodity. Therefore, WTI is trading at $78.80, below its opening price by almost 6%, after hitting a …

On Friday, crude oil prices fell to a nine-month low as recession fears are sweeping across global risk assets and the US dollar continued this year’s advancement to reach a fresh two-decade high against rival currencies. At the time of writing, Brent trades at $84.72 per barrel while WTI trades …

FOMC Chairman Jerome Powell comments on the policy outlook after the Federal Reserve’s decision to raise the policy rate by 75 basis points to the range of 3-3.25% following the September policy meeting.Key quotes“Plausible that job openings could come down without as much of increase in unemployment”.“Longer run inflation expectations …

The Federal Reserve could be forced to cut interest rates in 2023 if a deep recession occurs, according to JPMorgan. This would be a turnaround move by the Fed, considering it has aggressively raised rates in 2022.Potential rate cuts from the Fed would help backstop the stock market in the …

OPEC on Tuesday maintained its forecast for strong global oil demand growth in 2022 and 2023, based on indications that major economies are doing better than expected despite unfavorable factors such as rising inflation. The Organization of the Petroleum Exporting Countries (OPEC) said in a monthly report that oil demand …

Oil prices rose on Friday, boosted by investor interest in Russia’s threat to halt oil and gas exports to some buyers, but crude is set for a second weekly decline as demand is affected by large interest rate increases by central banks and the impact of coronavirus-related restrictions in China. …

Oil prices fell on Thursday, after recording sharp losses in the previous session, as the extension of China’s closure measures to curb the spread of the Coronavirus exacerbated fears of a slowdown in global economic activity, which is hurting demand. Brent crude futures lost 40 cents, or 0.4 percent, to …

Oil prices rose on Wednesday on the back of Russian threats to withdraw from energy supply contracts, reversing losses incurred earlier in the session when they fell to their lowest levels since Russia’s invasion of Ukraine. Brent crude futures rose 85 cents, or 0.92 percent, to $93.68 a barrel by …