OIL PRICES RISE ON MIDDLE EAST DISRUPTION RISKS Oil prices rise, with Brent crude oil increasing…
Day: October 7, 2024
📰 OIL PRICES RISE ON MIDDLE EAST DISRUPTION RISKS Oil prices rise, with Brent crude oil increasing 1.9% to $79.50 a barrel and WTI gaining 2.1% to $75.96 a barrel. Brent has risen nearly 11% in the past week, as the market weighs risks of oil-production disruption in the Middle East following Tuesday’s strikes on Israel by Iran, Goldman Sachs analysts say in a note. Uncertainty over the situation is high, with a wide range of scenarios possible, Goldman analysts say. In the absence of major disruption to oil supply, the U.S. bank expects Brent to continue to trade in the $70-85 a barrel range, and estimates an average price of $77 a barrel for the fourth quarter and $76 a barrel for 2025. This reflects assumptions of roughly flat Iranian supply through 2025, and three months of OPEC+ production increases starting December, analysts add.
📰 UKRAINIAN PM SAYS KYIV WILL NOT PROCEED WITH RUSSIAN GAS TRANSIT AFTER CURRENT DEAL EXPIRES
UKRAINIAN PM SAYS KYIV WILL NOT PROCEED WITH RUSSIAN GAS TRANSIT AFTER CURRENT DEAL EXPIRES
📰 $AMZN – AMAZON SHARES DOWN 1.8% PREMARKET; WELLS FARGO DOWNGRADES STOCK
$AMZN – AMAZON SHARES DOWN 1.8% PREMARKET; WELLS FARGO DOWNGRADES STOCK
📰 U.S. 2-YEAR/10-YEAR TREASURY YIELD CURVE TURNS NEGATIVE FOR FIRST TIME SINCE SEPT. 18, DAY OF FED 50 BP RATE CUT
U.S. 2-YEAR/10-YEAR TREASURY YIELD CURVE TURNS NEGATIVE FOR FIRST TIME SINCE SEPT. 18, DAY OF FED…
📰 GOLDMAN SACHS INCREASES 2024 YEAR-END S&P 500 TARGET TO 6000 FROM 5600 GOLDMAN SACHS INCREASES S&P 500 PROJECTION TO 6300 FROM 6000 FOR THE NEXT YEAR
GOLDMAN SACHS INCREASES 2024 YEAR-END S&P 500 TARGET TO 6000 FROM 5600 GOLDMAN SACHS INCREASES S&P…