Business Maverick: Oil gains after weekly loss as China recovery competes with Fed

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 84%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

Oil rose after a weekly loss on hopes that a Chinese demand rebound is picking up pace following the end of Covid Zero, outweighing hawkish signals from the Federal Reserve.

“Economic sentiment and the mood in the financial markets is likely to remain in the driver’s seat,” said Vandana Hari, founder of Vanda Insights. “The Chinese reopening could spark a bout of bullishness at some point in coming weeks.”

Oil has endured a bumpy start to 2023 as investors juggle persistent concerns over a global economic slowdown and optimism around China’s. The fallout from sanctions on Russian energy and the rerouting of global flows has added another element of uncertainty to the global market. The US plans to impose new export controls and fresh sanctions on Russia, targeting key industries a year after the invasion of Ukraine. The

will target the nation’s defence and energy sectors, financial institutions and several individuals, according to people familiar with the matter.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 3. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

A guide to climate buzzwords and what they say about corporate promises | Business InsiderJargon like 'carbon neutral,' 'net zero,' and 'carbon negative' is confusing. Insider unpacked when these claims can be misleading.
Fonte: BISouthAfrica - 🏆 34. / 51 Consulte Mais informação »