WTI oil price accelerated through $100 barrier on Monday, extending recovery from last Thursday’s spike low at $90.54 into third straight day. Oil received fresh support from weaker dollar and renewed supply concerns that offset worries about demand on recession signals and China’s sharp slowdown in economic activity due to Covid restrictions. Price rebounded after […]
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RBA hikes cash rate to 4.1% in a 5:4 vote. Perceived capacity pressures and inflationary impacts of the Middle East conflict were key concerns. As was widely expected, the RBA Monetary Policy Board (MPB) raised Read more…
The early spike in oil prices faded throughout yesterday’s trading session, pulling both US and Brent crude below the $100pb mark on news that a few tankers could transit through the Strait of Hormuz. There Read more…
In focus today Focus remains on tensions in the Middle East and its impact on energy markets. In Germany, we will receive the ZEW survey data for March. Recent months have shown an improvement in Read more…