Monthly Archives: April 2023
41654156156Stock Markets Mixed On Concerns Over Oil Inflation Risk
Written on April 4, 2023 at 6:01 am, by 王建军
OPEC+’s surprise production cut has roiled Asian the equity markets U.S. equity markets continue to be bullish, with market sentiment continuing upwards after the banking sector woes. Asian markets saw mixed performance due to inflationary worry after a surprise move from OPEC+. The oil cartel further cut production by more than 1 million barrels perContinue Reading
Oil Prices Surges With OPEC+ Surprise Supply Cuts
Written on April 3, 2023 at 6:31 am, by 王建军
Oil prices surged by more than 8%, with WTI crude trading above $81 for the first time since January after an unexpected announcement from OPEC+ to cut crude supply to tighten the market. The oil allies announced cutting more than 1 million barrels of oil per day, with Saudi Arabia leading the cartel to cutContinue Reading
Crude Surges on Surprise OPEC+ Cuts
Written on April 3, 2023 at 6:07 am, by 王建军
Oil prices surged at the beginning of the week after OPEC+ unexpectedly announced crude output cuts that could tighten the market, causing inflationary concerns for the global economy. The cuts, which will exceed 1 million barrels a day, were not expected by traders who anticipated output to remain steady. Goldman Sachs raised price forecasts forContinue Reading
