menu search

Brent - Oil on a rip higher in Asia trade

Brent - Oil on a rip higher in Asia trade
Oil is priced in US dollars, which has been on the rise for weeks, which makes oil's super-strong performance even more impressive.Its on the rise again in Asia following a solid performance on Wednesday:There is no fresh news catalyst spurring on the rise. The tailwinds for it are well-known:OPEC+ supply cutsImproving demand, especially as China begins to shake off its economic lethargy:Nomura raises China GDP forecast (yes, raise). BoA sees green shoot in China profit data.The (more than) week... Read More
Posted: Sep 28 2023, 01:13
Author Name: forexlive
Views: 0904100

Search within

Pages Search Results: