Month: April 2021

LONDON: Oil fell on Monday on fears that surging COVID-19 cases in India will dent fuel demand in the world’s third-biggest oil importer, while the end of a force majeure on exports from a Libyan terminal and an expected supply increase from OPEC+ added to pressure. Brent crude was $1.08, or 1.6%, lower at $65.03
0 Comments
But there is less of them around – Bloomberg Intelligence piece 1. The dollar’s early rebound at the start of this year is not expected to last Bloomberg Intelligence (BI) conducted a survey around April 9-16 and found that ~60% of 121 respondents did not expect the dollar recovery to last. However, BI did note
0 Comments
Last week, oil prices fell back as the demand outlook in Asia deteriorated. However, assuming that the latest virus outbreaks are contained before too long, strategists at Capital Economics remain relatively optimistic on the global oil demand outlook, and expect prices to reverse course before long and rise in the months ahead. The OPEC+ meeting
0 Comments
What you need to know on Monday, April 26: The dollar fell on Friday amid prevalent risk appetite. Wall Street rallied following upbeat Markit flash PMIs for the EU and the US, with most indexes reaching record levels, boosting hopes for a soon-to-come economic recovery after the pandemic slump. The EUR/USD pair settled near 1.2100,
0 Comments