Investors cautious ahead of U.S. Jobs data
Non-farm payrolls shake up markets, here are the top 3 scenarios of what could happen.
Eurozone companies rushing to get emergency loans
28 Apr 2020 02:44 PM |Banks in the euro area have recorded an increase in demand for emergency credit from corporate clients during the first quarter. This according to a survey of bank lending released by the European Central
Novak sees oil markets balancing as soon as output deal takes effect
28 Apr 2020 11:49 AM |Russian Energy Minister Alexander Novak said today that oil markets will begin to balance once the production agreement takes effect in May, while it is unlikely that there will be a significant increase in
Bankruptcy looms over the American energy industry
23 Apr 2020 03:33 PM |US net oil producers, refiners and pipelines are competing for cash and are likely facing restructuring because they are struggling under the burden of heavy debt and shocks in both supply and
Goldman Sachs expects oil markets to balance within weeks, not month
22 Apr 2020 12:50 PM |Following the recent strong fall in global oil prices, Goldman Sachs expects the markets to gradually come back to balance
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US oil futures make history by falling below zero
21 Apr 2020 03:14 PM |US oil futures traded in a negative range on Tuesday, after nearly $40 in the previous session, plunging to their first ever drop below zero levels, as fears of running out of storage space in the sector increased due to oversupply.
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WTI contracts at levels not seen since 1999
20 Apr 2020 11:45 AM |Crude oil futures fell on Monday with US futures falling more than 10% to levels not seen since 1999 amid concerns that US storage facilities will soon become full as demand fades due to the Coronavirus pandemic.
Interest rate cuts expected after Chinese economy contracts for the first time
17 Apr 2020 06:14 PM |According to a Reuters poll of analysts, China is widely expected to cut its record lending rate on Monday to provide more support to the economy affected by the coronavirus, which contracted for the first time in the first quarter.
Trump unveils three-stage process to end economic shutdown
17 Apr 2020 05:31 PM |President Donald Trump set new guidelines yesterday for the United States to exit the closure due to the coronavirus in a three-step approach aimed at reviving the US economy even as the country continues to fight the epidemic.
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