US reaction to OPEC oil production cut

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US commerce secretary, Gina Raimondo, is calling on Beijing to reduce the risk of doing business in China for American companies. 

Oil prices in Canada skyrocketed this week as sanctions on Russian energy effectively shut the world’s third largest oil supplier out of the market following its invasion of Ukraine. The United States and the United Kingdom moved to ban Russian oil imports. Even the European Unio ...  Show more

Les marchés pétroliers ont repris leur course vers les sommets. Le baril a frôlé hier lundi la barre des 95 dollars à Londres. Une envolée qui contrarie les efforts menés pour enrayer l’inflation.   Plus 15% de hausse en trois semaines, plus 30% depuis le mois de mars. Cette envo ...  Show more

While the global oil market has seen a decrease in demand, supply issues are still prevalent, leaving investors to question where oil prices are headed next.

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Welcome to Thoughts on the Market. I'm Martijn Rats, Morgan St ...

The OPEC+ cartel surprised markets this weekend with plans to cut oil production by more than 1 million barrels per day. This classic story of supply and demand has already pushed up the oil price, and it could have major ripple effects across the global economy. Plus, hot job ma ...  Show more