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BBCNEWS Asia July 3, 2024

Faisal islam the latest geopolitical tensions and how it could drive up prices for all, especially poor countries. Weve got ourforecast down from 1. 7 in april, down to 0. 8 . We have already said risks were the downside when we made this forecast was down by almost one percentage point. There are number of factors, the continuing crisis in the world that we see and now of course we have the crisis in The Middle East. We have the slowdown in growth in china, we also have high Interest Rates that have continued. We see weak demand across the board in most sectors and most geographies. Thats why we cut the forecast. How much of this is actual policy . Were hearing from the west this idea of nearshoring, or income of Rebuilding Supply Chain away from east asia. How much of this is here to stay and how much of a pr ....

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Oil Futures Settle Higher Despite Weak GDP Data

Crude oil futures settled higher on Thursday, recovering from recent losses, despite data showing slower than expected U.S. first-quarter GDP growth.. ....

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Crude Inventory 3.17M Barrels vs 704K Expected

Crude Inventory 3.17M Barrels vs 704K Expected
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Oil Futures Settle Higher On Bigger Than Expected Decrease In Inventories

Oil prices climbed higher on Wednesday on data showing a larger-than-expected decline in U.S. crude inventories and amid optimism about increased demand from China after announcement of stimulus. ....

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Oil Futures Settle Higher On Supply Concerns

Oil futures settled higher on Thursday as prices rebounded on likely disruptions in trade and supplies amid rising tensions in the Middle East.. ....

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