By Florence Tan SINGAPORE (Reuters) – Oil prices fell in early Asian trade on Monday for a second straight session, weighed down by a stronger dollar after concerns of higher-for-longer interest rates resurfaced and cooled investors’ risk appetite. Brent crude futures slid 40 cents, or 0.5%, to $84.84 a barrel by 0036 GMT, after settling […]
By Florence Tan SINGAPORE (Reuters) – Oil prices fell in early Asian trade on Monday for a second straight session, weighed down by a stronger dollar after concerns of higher-for-longer interest rates resurfaced and cooled investors’ risk appetite. Brent crude futures slid 40 cents, or 0.5%, to $84.84 a barrel by 0036 GMT, after settling […]
(Bloomberg) — Commodities will advance this year as central banks in the US and Europe move to reduce interest rates, helping to support industrial and consumer demand, according to Goldman Sachs Group Inc. Most Read from Bloomberg Raw materials may return 15% over 2024 as borrowing costs come down, manufacturing recovers, and geopolitical risks persist, […]
Anton Petrus/Getty Images Supply in the oil market is about to get way tighter, according to RBC’s Helima Croft. The outlook for US oil production has been slashed in half, Croft told CNBC. Crude prices are set to climb, with Brent potentially hitting $85 this year, she predicted. The world’s oil supply is about to […]