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.

Join the forum, it's quick and easy

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

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Oil disappoints hopes, Basra crude completes two weeks of decline: interest rate cuts backfired

    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 278524
    Join date : 2012-12-21

    Oil disappoints hopes, Basra crude completes two weeks of decline: interest rate cuts backfired Empty Oil disappoints hopes, Basra crude completes two weeks of decline: interest rate cuts backfired

    Post by Rocky Thu 19 Sep 2024, 4:22 am

    [size=35][size=35]Oil disappoints hopes, Basra crude completes two weeks of decline: interest rate cuts backfired[/size]
    [You must be registered and logged in to see this link.]
    [/size]

    economy

    [size][size]
    [You must be registered and logged in to see this link.][/size]
    2024-09-19 | 01:32
    [You must be registered and logged in to see this image.]
    [/size]


    1,287 views

    Alsumaria News - Economy

    Global oil prices fell in [You must be registered and logged in to see this link.] trading , Thursday, frustrating the anticipated hopes for the results of the US Federal Reserve's 50-point reduction in interest rates, as the larger-than-expected reduction had the opposite effect and raised concerns about the US economy.


    [ltr]








    0 seconds of 0 seconds Volume 0%





     [/ltr]




    Brent crude futures for November delivery lost[You must be registered and logged in to see this link.]The second contract fell 34 cents, or 0.46 percent, to $73.31 a barrel, while West Texas Intermediate crude futures for October delivery fell[You must be registered and logged in to see this link.]The first to $70.49 a barrel, down 42 cents, or 0.59 percent.



    The US Federal Reserve cut interest rates by half a percentage point on Wednesday, indicating that the central bank sees a slowdown in[You must be registered and logged in to see this link.]Work, it seems.[You must be registered and logged in to see this link.]The boost that a rate cut typically brings to economic activity outweighs the boost that a rate cut typically brings, according to Reuters.

    “While a 50bp rate cut signals stiff economic headwinds ahead, bearish investors were left feeling unsatisfied after the Fed raised rates,” analysts at ANZ Bank said in a note.[You must be registered and logged in to see this link.]"His medium-term price forecasts."

    In contrast, crude oil prices concluded[You must be registered and logged in to see this link.]Its second week at its lowest level recorded in about 10 months, which lasted at that time about 50 days.

    [You must be registered and logged in to see this link.]

      Current date/time is Thu 03 Oct 2024, 9:56 am