Post Tagged with: "economic outlook"

Source: Reuters

Oil prices rise on economic outlook, drawdown in fuel stocks


LONDON – Oil prices rose on Thursday on a weaker dollar as fears of rising U.S. inflation eased while a steep fall in U.S. fuel stocks meant a crude glut would be short-lived as refiners restart in Texas.


Source: CNBC

Fed raises its economic outlook slightly, sees 4.2% growth next year and 5% unemployment rate


The Federal Reserve dialed up its economic expectations slightly for the end of this year as well as for 2021, according to the central bank’s Summary of Economic Projections released on Wednesday.

The central bank now expects real gross

December 16, 2020 - 3:00 pm Closing Bell Story‎, Economy, Finance
Oil Steadies as Saudi, Kuwait Signals Offset Demand Fears

Oil Steadies as Saudi, Kuwait Signals Offset Demand Fears

From Reuters

Oil prices were little changed on Monday as expectations that major producers would continue to reduce global supplies ran into worries about sluggish growth in crude demand due to the U.S.-China trade war.

International benchmark Brent crude settled …