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Oil to Hit 40 by 2030 if Climate Goals are Met Consultancy

Global oil prices could drop to around 40 a barrel by 2030 if governments push to reduce fuel consumption in step with U.N.backed plans to limit global warming, a leading energy consultancy said on Thursday. In a report outlining a scenario where the world acts decisively to tackle greenhouse gas emissions by electrifying transport and […]
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Oil Hits OneMonth Highs as IEA, OPEC Raise Forecasts

Oil prices rose on Thursday to the highest level in nearly a month, after jumping 5 in the previous session, driven by increased demand forecasts from the International Energy Agency IEA and OPEC as major economies recover from the pandemic. Brent crude was up by 16 cents at 66.74 a barrel by 0659 GMT, after […]
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Australia, NZ Dollars Break Higher, Data Speaks of Strong Q1

SYDNEY, April 15 Reuters The Australian and New Zealand dollars touched threeweek tops on Thursday as their U.S. counterpart extended its broad retreat and upbeat data suggested the Australian economy had grown strongly last quarter. The Aussie stood at 0.7718, after jumping 1 overnight when a break of major resistance at 0.7677 triggered a wave […]
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Dollar at ThreeWeek Low as Feds Dovish Message Sinks in

TOKYO Reuters The dollar nursed losses on Thursday, holding near a threeweek low against a basket of currencies as U.S. bond yields pulled back from last months surge with investors buying the Federal Reserves arguments that interest rates can stay low. The dollar index dipped to a fourweek low of 91.571 overnight and last stood […]
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U.S. Consumer Prices Post Biggest Gain in 812 Years

U.S. consumer prices rose by the most in more than 812 years in March as increased vaccinations and massive fiscal stimulus unleashed pentup demand, kicking off what most economists expect will be a brief period of higher inflation. The report from the Labor Department on Tuesday also showed a firming in underlying prices last month […]
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