Month: June 2021

(Bloomberg) — Oil posted a fourth straight weekly gain as signs of a global demand recovery and supply discipline among producers encouraged investors. Futures in New York rose 1% this week. Strong U.S. demand growth is being passed on to Europe and emerging markets, where India is also starting to show improvements, according to Goldman
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(Bloomberg) — Oil slumped the most in a month as a rising dollar pushed financial investors, who had piled into commodities to guard against inflation, toward the exits for other sectors. Futures in New York fell 1.5% on Thursday. A strengthening U.S. dollar reduced the appeal of commodities priced in the currency a day after
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(Bloomberg) — Oil was virtually unchanged as gains driven by diminishing crude inventories were tugged lower after Federal Reserve officials suggested they expect two interest rate increases by the end of 2023. Futures in New York rose three cents on Wednesday. Equities fell and the dollar surged, reducing the appeal of commodities priced in the
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Over the years, Elon Musk has disrupted entrenched players in the aerospace, energy, and automotive industries. He’s also had a hand in trying to reduce “soul-crushing traffic” and building a healthy symbiosis with AI. In short, he thinks big. Musk also has had a profound impact on the finance sector. And we’re not just talking about his early role in
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(Bloomberg) — Oil climbed as a chorus of prominent traders in the crude market said prices will continue to rise after a nearly 50% rally so far this year. Futures in New York advanced 1.8% on Tuesday to the highest level since October 2018. At the FT Commodities Global summit, Glencore Plc and Vitol Group
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