Tag: WTI Crude (Nov'22)

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OPEC+ imposes deep production cuts in a bid to shore up prices
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OPEC+ imposes deep production cuts in a bid to shore up prices

Oil prices have fallen to roughly $80 from over $120 in early June amid growing fears about the prospect of a global economic recession. Bloomberg | Getty Images A group of some of the world’s most powerful oil producers on Wednesday agreed to impose deep output cuts, seeking to spur a recovery in crude prices...

OPEC+ imposes deep production cuts in a bid to shore up prices
Post

OPEC+ imposes deep production cuts in a bid to shore up prices

Oil prices have fallen to roughly $80 from over $120 in early June amid growing fears about the prospect of a global economic recession. Bloomberg | Getty Images A group of some of the world’s most powerful oil producers on Wednesday agreed to impose deep output cuts, seeking to spur a recovery in crude prices...

Australia, South Korea stocks dip
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Australia, South Korea stocks dip

An electronic board displays stock information at the Australian Securities Exchange, operated by ASX Ltd., in Sydney, Australia, on Tuesday, Feb. 6, 2018. Brendon Thorne | Bloomberg via Getty Images Asia-Pacific shares slipped on Friday as investors continue to weigh the Federal Reserve’s aggressive stance. In Australia, the S&P/ASX 200 opened slightly higher but gave...

Fed hike, Bank of Japan, interest rates, currencies
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Fed hike, Bank of Japan, interest rates, currencies

Fed hike likely to keep Asian risk assets under pressure, JPMorgan says Asian risk assets, especially export-oriented companies, will remain under pressure in the short term following the Fed’s rate hike, according to Tai Hui, chief APAC market strategist at JPMorgan Asset Management. Tai added that a strong U.S. dollar is likely to persist, but...