starts to kick in many key countries around the world the demand for oil is increasing but at what pace? that s the question 0pec+ will be trying to answer as leaders meet today virtually to talk about oil supply and production quotas. also on their minds is a possible increase in iranian supply. in april it was decided to return two point one million barrels per day of supply to the market from may to july, as it anticipated global demand would rise despite surging coronavirus cases in india. so what s next? let s go live to dubai and talk to our middle east business correspondent sameer hashmi. good to see you. what are we likely to see happen today? most likely the consensus is that 0pec+ will stick to the plan they announced at the end of april, that between may and july they would increase 2.1 million barrels of oil per day and they will stick to that plan and not take any decisions beyond that. there are multiple factors. if you look at the prices, they indicate deman
among them, an outperforming tech sector and a resilient labour market. the federal reserve has a role too. so far it s been able to cool inflation without tipping the economy into a recession. that s called a soft landing and it s buoying wall street. stocks are rallying in anticipation of interest rate cuts that the fed has signalled this year, which would let interest rates fall from a 22 year high. when interest rates go down, it makes it cheaper for businesses and individuals to borrow money. so spending increases and usually that makes stock prices go up. meanwhile, it s a different story for the chinese stock markets, which have been struggling in the new year. chinese premier li qiang pledged to take forceful and effective action to support market confidence. shares in mainland china and in hong kong have been hovering at their lowest points in as many years. this comes despite somewhat upbeat signals at the end of last year. for more on what we can expect from china,
dion patterson is in custody, facing one count of murder and four counts of aggravated assault. he opened fire in the waiting room killing amy st. pierre, who worked for the center of disease control and prevention. police received the call of an active shooter at 12:08 yesterday afternoon. the gunman spent two minutes shooting inside the medical building and tried to escape by stealing a truck. thigh used security cameras and license plate readers to track a vehicle where it was lefta abandoned and a tip led police to a condo complex where they arrested patterson last night without incident. work without a cooperative communities, a community that backs up the police that allows the police to take risks and try to take violent people into custody. the suspect was discharged from the coast guard in january after serving four and a half years with the service. patterson s mother, who had accompanied her son to the medical appointment appeared to blame improper medicine for
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