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The Latest Breaking News on Markets

Saudi Arabia hikes oil prices to Asia after OPEC+ shock cuts

Saudi Arabia hiked official selling prices for all of its oil sales to Asian customers in May, days after the kingdom led a surprise OPEC+ output cut.

Tribune News Service

3 Golden Opportunities for Investors

Yesterday, gold surged past the $2000 mark with a record high in sight after weaker job openings data aided bets that the Fed will ease tightening. Hence, it could be wise to invest in fundamentally sound gold stocks OceanaGold (OCANF), Torex Gold (TORXF), and Dundee Precious Metals (DPMLF), as they…

StockNews.com

Global shares mixed after Wall St dips on weak economic data

Global shares were trading mixed Wednesday as Germany reported its factory orders surged in February, posting their third successive increase in another promising sign for Europe’s biggest economy

The Independent UK

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Asian shares mixed after Wall St dips on weak economic data

Asian shares are trading mixed following a decline on Wall Street after reports on the U.S. economy came in weaker than expected

The Independent UK

The Rare ‘A-Rated’ Stock Based on POWR Rating

Energy company CrossAmerica Partners (CAPL) delivered a robust bottom-line performance in the last quarter and fiscal year 2022. Given the rising oil prices and rosy prospects of the energy industry, CAPL might be a solid buy. The stock is rated an A (Strong Buy) in our proprietary rating system. Keep…

StockNews.com

Voluntary Oil Production Cut: Decision to Balance Demand, Production Levels

Oil and economic experts confirmed that the voluntary oil production cuts taken by oil-exporting countries within OPEC+, starting May and continuing until the end of 2023, aim to achieve market balance. Mubarak Alhajeri, a faculty member at Kuwait's College of Technological Studies, explained that the cut had shocked global markets…

Asharq Al-Awsat

Asian shares mixed as surging oil prices fan inflation fears

Shares are mostly higher in Asia as investors watch for the latest moves by central banks

The Independent UK

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Yellen says OPEC+ cut ‘unconstructive’ as world fights inflation

U.S. Treasury Secretary Janet Yellen criticized the decision by OPEC+ oil producers over the weekend to cut output, saying it was “unconstructive” and would add to the uncertainty overhanging global growth.

Tribune News Service

Reserve Bank flags 'further tightening' to tame inflation after leaving interest rates on hold at 3.6pc, ASX closes higher

The Reserve Bank has left interest rates on hold at 3.6 per cent, but says some further tightening of monetary policy may be needed, while the Australian share market hit a fresh three-week high.

ABC News

Stock Market Today: Stocks Finish Mixed After Surprise OPEC+ Announcement

The Organization of the Petroleum Exporting Countries and its allies over the weekend announced a surprise cut to crude production.

Kiplinger

Oil Prices Rise Sharply Following OPEC Announcement

In total, cutbacks in production will be over one million barrels a day. Because of these announced cutbacks, the global benchmark of oil prices, Brent crude, had a 5.31% increase in cost, rising to $84.13 a barrel. The U.S. benchmark, WTI, surged to $79.83 a barrel, a 5.48% increase.

Kiplinger

Is It Time to Buy, Sell or Hold These 3 Steel Stocks?

As U.S. steel sentiment hits a new high this year due to increased finished prices, the steel sector is poised to stay afloat amid macro uncertainties. Is it the right time to buy, sell, or hold Friedman Industries (FRD), Aqua Metals (AQMS), and Companhia Siderúrgica Nacional (SID)? Let’s discuss….

StockNews.com

Why are oil prices rising and what does it mean for inflation?

All you need to know about the Opec+ decision to cut production and the potential knock-on effects

The Guardian - UK

Reducing Oil Production: A New Pillar to Support Global Economic Conditions

In support of the stability of the global oil markets, and the enhancement of the balance between supply and demand, the member of the Organization of Petroleum Exporting Countries (OPEC) and the producing countries within the OPEC+ have decided to implement a voluntary reduction of crude oil production. Experts described…

Asharq Al-Awsat

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The Independent UK

Oil prices surge after Opec+ production cuts

Shell and BP saw their share prices rise following a jump in the price of oil.

The Times of India

Oil surges 8% after OPEC+ blindsides market with production cut

Oil surged at the week’s open after OPEC+ unexpectedly announced crude output cuts that threaten to tighten the market, delivering a fresh inflationary jolt to the world economy and irking the White House.

The Guardian - UK

Oil price surges after surprise Opec+ production cut

Move by world’s largest producers likely to unsettle western nations grappling with inflation

ABC News

OPEC+ slashes output on global recession fears; Australian motorists to be spared Easter pain

Australians hitting the road this Easter are likely to be spared any immediate hit from a bid by the global oil cartel to boost sagging prices.

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news in one place.

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The Independent UK

Oil prices soar on producer output cuts; Asian shares mixed

Oil prices have soared more than 5% after Saudi Arabia and other major oil producers said they will cut production by 1.15 million barrels per day from May until the end of the year

Zenger

OPEC+ Just Announced Oil Output Cuts In A Surprise Move. Here’s How It Could Really Affect You.

OPEC+ announced an unexpected production cut that will likely give a further boost to oil prices bouncing off their recent lows

ABC News

Oil prices surge after OPEC+ surprises the market with supply cuts, ASX rises to three-week high

Australian shares rise to their highest level in three weeks, while oil prices surge after a surprise decision by Saudi Arabia and OPEC nations to cut production by more than 1 million barrels per day, and Scott's Refrigerated Logistics is now in liquidation.

Tribune News Service

OPEC+ makes shock million-barrel cut in new inflation risk

OPEC+ announced a surprise oil production cut of more than 1 million barrels a day, abandoning previous assurances that it would hold supply steady and posing a new risk for the global economy.

StockNews.com

Three Valid Reasons To Say "Give Puts A Chance"

With apologies to John Lennon and the Plastic Ono Band for the title of the article on VXN and QQQ puts.

Tribune News Service

OPEC+ makes surprise 1 million-barrel oil production cut

OPEC+ announced a surprise oil production cut that will exceed 1 million barrels a day, abandoning previous assurances that it would hold supply steady to maintain a stable market.

StockNews.com

When Will the Stock Market Balloon Pop Again?

There is a time honored theory that the stock market (SPY) is quite like a helium balloon. Discover what that means for what stocks are doing now and in the months ahead. Read on below for the full story….

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