Analysts described the current reduction in oil supply.
3 reports, 3 independent
Updated Aug 5
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What happened
Analysts described the current reduction in oil supply.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
-
Macquarie Group
Australian investment bank and financial services company
- Brent
Related events
- Brent crude prices reacted to supply reports, while the Fed hiked interest rates to curb inflation.
- Williamson notes rising business costs due to oil, exacerbated by war worries keeping oil bottled up in the Middle East.
- Brent crude prices eased while major financial institutions reported mixed quarterly profit results amid competition fears.
- Gulf tanker attacks led to production halts and a subsequent spike in Brent crude prices above $104 per barrel.
- Oil price increases are causing financial yields to rise.