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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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Oil prices are rising again

rocky
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Oil prices are rising again Empty Oil prices are rising again

Post by rocky Fri 26 Aug 2022, 4:23 am

[size=35][size=35]Oil prices are rising again[/size]
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Economie

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2022-08-26 | 02:20
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Global oil prices rose on Friday, ahead of a speech by the head of the US Federal Reserve, which is expected to have an impact on the dollar and demand expectations.


By 08:40 local time[You must be registered and logged in to see this link.]US West Texas Intermediate crude futures rose 0.84% ​​to $93.30 a barrel.

While Brent crude futures rose 0.81% to $100.14 a barrel, according to the website[You must be registered and logged in to see this link.]".






Later on Friday, the Federal Reserve Chairman will deliver[url=https://www.alsumaria.tv/Entity/4010190066/%D8%AC%D9%8A%D8%B1%D9%88%D9%85 %D8%A8%D8%A7%D9%88%D9%84/ar/]Jerome Powell[/url]Speech at an economic conference in[url=https://www.alsumaria.tv/Entity/1944150023/%D8%AC%D8%A7%D9%83%D8%B3%D9%88%D9%86 %D9%87%D9%88%D9%84/ar/]Jackson Hole[/url]Markets are looking for guidance on monetary policy and the economic situation in the country.

Traders are waiting for signals on the pace of the key rate hike, as the tightening of monetary policy could lead to a stronger dollar, which is negative for oil prices, and lead to a recession which will affect the demand for oil.

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    Current date/time is Wed 01 Feb 2023, 1:41 am