Downside Sensitivity Builds Up in Oil

Crude oil is down for a third consecutive day, having lost more than 2 earlier on Bidens comments that the West might agree to buy Russian oil at a discount instead of an embargo. In addition, the US media is reporting that Saudi Arabia will replace the oil that has left the market due to […]
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Oil Slips after OPEC Hike, Tight Supply Limits Loss

OPEC slightly increases oiloutput hike plan U.S. crude inventories fall 5.1 million barrels Coming up U.S. employment report LONDON, June 3 Reuters Oil slipped on Friday after OPEC decided to increase production targets by slightly more than planned, although tight global supply and rising demand as China eases COVID restrictions limited the decline. The Organization […]
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Elon Musk says Tesla AI Day Pushed to Sept 30

June 2 Reuters Electric vehicle major Tesla Inc Chief Executive Officer Elon Musk said on Thursday that Tesla39;s AI Day has now been pushed to Sept. 30. Tesla AI Day pushed to Sept 30, as we may have an Optimus prototype working by then, he wrote on Twitter, almost two weeks after he announced the date […]
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