Oil Prices Rise on Potential OPEC Supply Cuts

SINGAPORE, Aug 25 Reuters Oil prices rose on Thursday on mounting supply tightness concerns amid disruptions to Russian exports, the potential for major producers to cut output, and the partial shutdown of a U.S. refinery. Brent crude rose 45 cents, or 0.4, to 101.67 a barrel by 0630 GMT, while U.S. West Texas Intermediate crude […]
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South Korea Raises Rates, Warns Inflation Fight not Over

S.Korea base rate hiked 25 bps to 2.50 Reuters poll 2.50 BOK upgrades 2022 inflation outlook to 5.2 Most analysts see base rate reaching 2.75 by yearend SEOUL, Aug 25 Reuters South Korea39;s central bank raised its key interest rate by a quarterpercentage point on Thursday and significantly lifted inflation forecasts, signalling more policy tightening, […]
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Energy Stocks Boost European Shares ahead of ECB Minutes

Aug 25 Reuters European shares rose on Thursday after GDP data from the continent39;s largest economy beat analyst expectations, while gains were capped on nervousness ahead of minutes from the European Central Bank39;s last policy meeting. The panEuropean STOXX 600 rose 0.6 as of 0712 GMT. Energy stocks jumped 1.2 to near 12week highs as crude […]
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FTSE 100 Rebounds on Energy, Earnings Lift

FTSE 100 up 0.6, FTSE 250 adds 0.4 Aug 25 Reuters London39;s main stock index bounced off twoweek closing lows on Thursday, as investor sentiment steadied ahead of an annual conference of world central bankers and energy stocks got a lift from rising crude prices. The bluechip FTSE 100 index had gained 0.6 by 0710 GMT […]
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