According to anonymous sources cited by Reuters on Sunday, the OPEC cartel may decide to further increase oil production. Interestingly, OPEC+ was supposed to end its production increase, but today's Reuters report contradicts these expectations. Oil prices have, of course, fallen sharply following this announcement, as oversupply is likely to further depress prices.
Oil prices are easing slightly, falling more than 1% today, but are still near one-month highs after new U.S. sanctions targeted shipping firms accused...
10:05The Australian dollar is leading the rebound among major currencies against the U.S. dollar (AUDUSD: +0.15%), which began after a sell-off in the U.S....
10:03Eurozone PPI (M/M) Jul: 0.4% (est 0.1%; prev 0.8%) -PPI (Y/Y): 0.2% (est 0.1%; prev 0.6%) The PPI report suggests that overall producer prices rose...
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