June Brent futures rose to $66.88 per barrel, while WTI rose to $62.97 per barrel. Earlier, oil prices fell by 2-2.2% due to rumors that OPEC+ countries may accelerate production growth in June. The decision on this issue will be discussed at the meeting on May 5.Analysts note that at the current level of compliance with OPEC+ quotas, it may continue to increase oil production at an accelerated pace. Additional support for prices is provided by signals about the readiness of the United States an... Read More
The Industrial output in the eurozone has exceeded expectations in August after its negative... Read More
A strong domestic demand will push the increase of German growth by 1.8 percent for 2018 and the... Read More
China’s export rose at a slower rate in September dropped down at a slower rate in September, i... Read More
Investor’s confidence in the eurozone dropped more than the forecast in October based on the survey ... Read More
China’s service sector rose at the quickest pace in July quarter due to pick-up in demand according ... Read More
Household spending rose in August at the fastest annual rate in three years due to higher... Read More
The US services sector grew to a 21-year high in September, supporting employment of most companies... Read More
German services growth reached an 8-month high in September based on the survey on Wednesday which... Read More
The central bank of Australia has been going steady for the 26 consecutive months on Tuesday,... Read More
The manufacturing activity of Japan grew steadily in September based on the revised survey on... Read More