Growth Risks to Restrain Oil Prices this Year

China demand seen picking up in second half of 2023 analysts OPEC and Saudi to stick to keeping price floor at 80bbl June 30 Reuters Oil prices will struggle for traction this year as global economic headwinds stymie gains that could be fuelled by a rebound in China and OPEC cuts, a Reuters poll showed […]
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Oil Heads for Fourth Straight Auarterly Decline

LONDON, June 30 Reuters Oil prices rose towards 75 a barrel on Friday but were on course for a fourth consecutive quarter of losses amid concerns over sluggish global economic activity and fuel demand. Benchmark Brent crude futures for September delivery rose 53 cents or 0.7 to stand at 75.04 as of 0827 GMT. The […]
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US Targets China over Semiconductors

June 30 Reuters U.S.China tensions over semiconductors began with the Trump administration39;s trade war and have ratcheted up under President Joe Biden39;s leadership as Washington looks to undercut Beijing39;s efforts to build its hightech industry. The U.S. and the Netherlands are set to deliver a onetwo punch to China39;s chipmakers by further curbing sales of chipmaking […]
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Dow, SP Gain with Bank Rally Countering Rate Worries

Banks climb on passing annual health checks Firstquarter GDP revised higher Indexes Dow up 0.8, SP up 0.45, Nasdaq barely lower June 29 Reuters The Dow and the SP 500 advanced on Thursday as bank shares rallied after major lenders cleared the Federal Reserve39;s annual stress test, while strong economic data stoked expectations of further […]
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