ANKARA (Reuters) – President Tayyip Erdogan repeated his unorthodox economic policy on Saturday, saying interest rates would be lowered further and inflation would fall as a result, days before inflation data for January is...
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Oil hits 7-year peak on political risks, supply crunch
By Swati Verma BENGALURU (Reuters) -Oil prices rose to a more than seven-year peak on Friday and recorded their sixth straight weekly gain as geopolitical turmoil exacerbated concerns over tight energy supply. On a weekly basis, the...
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Oil falls from seven-year high as Russia tensions offset Fed tightening
By Stephanie Kelly NEW YORK (Reuters) – Oil prices fell on Thursday after Brent crude hit a seven-year high above $90 a barrel, as the market balanced concerns about tight worldwide supply with expectations the U.S. Federal Reserve...
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Oil breaks $90/bbl for the first time since 2014 on Russia tensions
By David Gaffen NEW YORK (Reuters) – Oil rose on Wednesday, tuoching $90 a barrel for the first time in seven years, supported as tight supply and rising political tensions between Russia and Ukraine added to concerns about further...
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OPEC+ expected to stick to planned March output target increase, sources say
LONDON/DUBAI/MOSCOW (Reuters) – OPEC+ will probably stick with a planned increase in its oil output target for March when it meets on Wednesday next week, several sources from the producer group said, as it sees demand recovering...
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Goldman Sachs: markets have not reached “danger zone” levels yet
LONDON (Reuters) – High valuations and one of the strongest recoveries from a bear market in history have left equities vulnerable to a correction but the recent fall is not indicative that markets have reached “danger...
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