Podcasts about west texas intermediate wti

Emisión del martes 10 de Marzo de 2026 Ayer, en el undécimo día de la guerra en Irán, los mercados globales ofrecieron una instantánea precisa del grado de exposición de México a la volatilidad geopolítica internacional. Los datos ilustran los vínculos estructurales que lo conectan —sin mucho margen de maniobra— con lo que ocurre a miles de kilómetros de distancia. Los precios del petróleo oscilaron con una intensidad que no se veía en años. El Brent y el West Texas Intermediate (WTI), que el domingo pasado llegaron a cotizar hasta 120 dólares por barril, retrocedieron ayer a alrededor de 91 dólares, el primero, y a alrededor de 86 dólares, el segundo. Detrás del rebote hubo una sola frase: la de Trump afirmando el lunes que el conflicto terminará "muy pronto". Los mercados le creyeron. Por ahora. Para México, estas lecturas tienen diversas implicaciones. "Deja que tus oídos te abran los ojos." #RuizHealyTimes #AbriendoLaConversación www.ruizhealytimes.com

When oil prices spike nearly 30% in a matter of days and a weak jobs report hits on the same Friday, the word on every investor’s mind is stagflation. On this episode of The Financial Hour of the Tom Dupree Show, host Tom Dupree, James Dupree, and Mike Johnson break down how the Middle East conflict is rippling through oil markets, what it means for interest rates and inflation, and why personalized investment management matters more than ever when volatility takes center stage. Whether you’re thinking about retirement or already drawing income from your portfolio, the current environment is a powerful reminder that how your money is managed — and who manages it — can make the difference between weathering the storm and watching your principal erode. How the Middle East Conflict Is Driving Oil Prices and Market Turbulence The most immediate market impact from the conflict between Israel, the U.S., and Iran has been felt in energy prices. West Texas Intermediate (WTI) crude surged from roughly $72 per barrel to touch $92, according to data tracked by the U.S. Energy Information Administration — a move of nearly 30% in just days. Mike Johnson explained the supply dynamics at play: “Kuwait — they’re cutting oil production. And this is because the Strait of Hormuz is cut off for all practical purposes. These big producers are running out of storage for the oil. They’re essentially closing up the wells.” The Strait of Hormuz handles approximately one-fifth of all global oil shipments daily. With roughly 90 million barrels of crude produced worldwide each day, shutting down that corridor has massive supply implications. Tom Dupree noted the physical challenge: “What keeps an oil well going is the oil flowing through all the little capillaries. When that gets turned off, it starts to sludge up.” Restarting shut-in wells can take days to weeks, and operators risk losing pressure and production permanently. For those tracking market commentary on gasoline prices, Mike pointed out a critical consumer threshold: “When you get to about $3.50 a gallon, that’s when you start seeing an impact on spending in a more meaningful way. And then $4 is when things start getting much worse in terms of consumer spending.” Stagflation Fears: Why One Jobs Report Has Investors on Edge The Friday jobs report from the Bureau of Labor Statistics came in weaker than expected, and the combination of rising commodity prices with a slowing labor market triggered immediate stagflation concerns across Wall Street. As Mike explained: “The market’s immediate knee-jerk reaction was that terrible S-word — stagflation. If we have a slowing economy with higher commodity prices, you have inflation and a slowing economy.” Tom was quick to add perspective: “One jobs number does not stagflation make. It’s a trend. But the fact that oil’s going up is gonna be considered inflationary, and then you get that jobs report on top of it.” Despite the volatility — with the market opening down 1.5% on Monday before recovering, followed by a sharp Tuesday sell-off — the broader indices showed resilience for the week. Mike observed: “We’ve essentially declared war. You’ve got oil prices up 30%. The market’s only off a little bit for the week. It’s been resilient as a whole.” This kind of choppy, bifurcated market is exactly why a disciplined investment philosophy matters. When risk-on and risk-off signals get scrambled day to day, reactive investors often make the wrong moves at the worst times. AI and the Job Market: Disruption Is Real, But It’s Not All Bad The conversation turned to how artificial intelligence is reshaping the employment landscape and what it means for market sentiment. James Dupree offered a nuanced take on the weak jobs data: “The AI stocks — they don’t really tie that to the economy because AI is going to replace jobs. So it might actually be good if there’s a bad jobs report for those AI stocks.” Mike broke down where the disruption is hitting hardest: “Some of your more tenured and senior workers — they’re benefiting from AI. What it’s impacting are the entry-level jobs. The number crunchers, entry-level analysts — those are the type of things that are able to be AI-ed away.” Tom drew a historical parallel: “AI is obviously the big thing right now. It’s the same way that the dot-com stuff was 20-something years ago. There will be winners and there will be losers, but I happen to believe that AI may actually create jobs because there will be more things that people can do.” For investors, the takeaway is that AI-related stocks occupy a unique space in the current market. James pointed to NVIDIA’s forward P/E ratio of 22 — below the S&P 500’s five-year average of roughly 23 — as evidence that some of the market’s fastest-growing companies are actually reasonably valued despite the broader market looking stretched. Sequence of Returns Risk: The Retirement Danger Most People Don’t See Coming Perhaps the most critical segment of the episode focused on a concept that every person in retirement or thinking about retirement needs to understand: sequence of returns risk. This is the idea that when your returns happen matters just as much as what they average over time — especially when you’re withdrawing money from your portfolio. Mike walked through a clear example: “Let’s say you have a million dollars and you’re drawing 4%, which is $40,000 a year. In the first year, the market goes down by 10% — your million dollars is now $900,000 plus you took out $40,000. So now you’re at $860,000. The next year, another 10% drop — down another $86,000 plus the $40,000 you withdrew. You have to get massive rises in the stock market to get back to even.” He continued: “There comes a point of no return where you’re forced to lower your withdrawal. If a million dollars is now $700,000 and you’re taking out $40,000, that’s now a 5.5% withdrawal rate. It’s negative compounding.” This is one of the core reasons the team at Dupree Financial Group structures retirement portfolios around dividend-paying investments. Tom explained the logic: “Sequence of returns is one reason why we invest for dividends — so that if the sequence of the return is negative, we may not have to be in a position to sell stocks in a down market. We can draw from the dividends.” For anyone approaching retirement or already drawing income, understanding this risk is essential. Resources from FINRA’s investor education center offer additional background on managing withdrawal strategies and retirement income planning. Berkshire Hathaway Under Greg Abel: Culture, Buybacks, and Alignment The episode also covered Berkshire Hathaway’s transition to new leadership under Greg Abel, who took over from Warren Buffett. Abel’s first annual letter to shareholders ran 18 pages — longer than Buffett’s typical letters — and signaled a leadership style rooted in operational detail and cultural preservation. Mike highlighted two significant announcements. First, Berkshire is resuming share buybacks for the first time since May 2024. Second, Abel is investing 100% of his post-tax salary — roughly $15 million per year — into Berkshire stock personally. “It’s all about alignment with shareholders,” Mike said. “It fits the Berkshire culture to a T.” The team also discussed Abel’s emphasis on corporate culture as a lasting competitive advantage. As Abel wrote in his shareholder letter, “Culture is our most treasured asset.” Tom connected that philosophy to Dupree Financial Group’s own approach: “We’ve worked to earn the trust of our clients and we have to keep working to keep that.” Historical Market Returns After Geopolitical Events Mike shared data that puts the current conflict in long-term perspective. Looking at one-year returns following major geopolitical events, the numbers are striking: 11.2% after the Korean War, 27% after the Cuban Missile Crisis, 13% after the Six-Day War, 10% after the Gulf War, nearly 27% after the invasion of Iraq, 19% after the Brexit vote, and 43% in the year following COVID-19. However, Tom added an important caveat for retirees: “What about the 30% drop that came before that? Individuals have to look at sequence of return, not just the long-term averages.” This distinction between how a static portfolio and a retirement portfolio respond to volatility is central to Dupree Financial Group’s investment philosophy — building portfolios of quality, dividend-paying companies in separately managed accounts where each client owns their individual stocks rather than being pooled into a mutual fund. Key Takeaways from This Episode Oil prices have surged nearly 30% due to Strait of Hormuz disruptions, with WTI crude jumping from $72 to $92 per barrel, creating ripple effects across the global economy. Stagflation fears are rising as weak jobs data combines with inflationary energy prices, though one report alone doesn’t confirm a trend. The $3.50 gas price threshold is where consumer spending starts to contract meaningfully — and $4 per gallon is where it gets significantly worse. Sequence of returns risk is more important than average returns for anyone in retirement or approaching it — early losses combined with withdrawals create negative compounding that can be devastating. Dividend investing provides a buffer during market downturns by allowing retirees to draw income without being forced to sell stocks at depressed prices. AI is reshaping the job market, benefiting senior workers while displacing entry-level roles, and creating a unique dynamic for tech stock valuations. Berkshire Hathaway’s Greg Abel is resuming share buybacks and investing his entire post-tax salary in Berkshire stock, signaling strong alignment with shareholders. Diversification across sectors — including energy exposure — helps portfolios weather geopolitical shocks through negative correlation benefits. Frequently Asked Questions How do rising oil prices affect my retirement portfolio? Rising oil prices can trigger inflation, which erodes purchasing power and can hurt broad market returns. However, portfolios with energy sector exposure may benefit from higher commodity prices. The key is having a diversified, actively managed portfolio that can adapt to changing market conditions rather than being locked into a one-size-fits-all approach. What is sequence of returns risk and why does it matter? Sequence of returns risk refers to the danger that poor market returns early in retirement — combined with portfolio withdrawals — can permanently damage your nest egg, even if long-term average returns are positive. A $1 million portfolio losing 10% while withdrawing $40,000 drops to $860,000 in year one, making recovery increasingly difficult. This is why income-focused strategies using dividends can help reduce the need to sell during downturns. Should I be worried about stagflation? One weak jobs report alongside rising oil prices raises the question, but stagflation requires a sustained trend of economic stagnation paired with persistent inflation. The current market has shown resilience despite the volatility. That said, having a portfolio strategy that accounts for inflation protection — through dividend growth stocks and diversified sector exposure — is prudent regardless of the economic outlook. How is AI affecting investment opportunities right now? AI-related stocks are trading somewhat independently from broader economic indicators. Companies like NVIDIA are showing strong earnings growth with forward valuations actually below the S&P 500 average. AI is displacing some entry-level jobs while creating opportunities for more experienced workers, making it a complex but potentially rewarding area for long-term investors. What did Berkshire Hathaway’s new leader announce? Greg Abel, who succeeded Warren Buffett, announced that Berkshire would resume share buybacks and that he would personally invest 100% of his post-tax salary — approximately $15 million annually — into Berkshire stock. His 18-page shareholder letter emphasized operational detail and cultural preservation as his top priorities. Don’t Let Market Noise Derail Your Retirement When oil prices surge, jobs data disappoints, and geopolitical uncertainty dominates the headlines, it’s easy to feel like the ground is shifting beneath your feet. But reactive investing — selling in a panic or chasing the latest trend — is one of the biggest threats to a retirement portfolio. At Dupree Financial Group, every client gets a separately managed account with direct access to their portfolio managers — not an assigned counselor at a call center. Your portfolio is built around your retirement timeline, your income needs, and your risk tolerance, with quality dividend-paying companies that provide income even when markets get choppy. If you don’t know what you own in your portfolio, you need to. Call (859) 233-0400 or schedule your complimentary portfolio review online to find out how a personalized approach could help protect — and grow — your retirement income. Listen to the full episode and explore more market insights on The Financial Hour podcast archive. Hear from clients who’ve made the switch to personalized investment management. Dupree Financial Group is a registered investment advisor (RIA) registered with the U.S. Securities and Exchange Commission. Registration does not imply a certain level of skill or training. The information provided in this blog post and podcast is for educational purposes only and should not be considered personalized investment advice. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal. Please consult with a qualified financial professional before making any investment decisions. For more information, please review our firm disclosures on SEC.gov. The post Oil Prices Surge 30%: What Rising Market Volatility Means for Your Retirement Portfolio appeared first on Dupree Financial.

Technical Levels and Market Support From a technical standpoint, the market has shown notable resilience despite geopolitical tension. The S&P 500 is currently trading around 6,845, holding up well in the wake of weekend developments. While volatility may persist, it is important to evaluate where meaningful support levels lie. The first key support range sits between approximately 6,522 and 6,630, roughly a 3–5% decline from current levels. This area corresponds closely with the 200-day moving average, a widely followed long-term technical indicator. Further support exists near the 6,150 to 6,200 range. This level represents last year's breakout zone and would equate to a more typical 10% market correction. Corrections of this magnitude are historically normal within broader uptrends. Importantly, the market remains in an established uptrend. Identifying these “lines in the sand” does not imply that a significant decline is imminent. Rather, it provides a structured framework for evaluating risk should volatility increase. A Healthier, Broader Market Beyond technical levels, underlying market strength offers encouraging signs. One of the most constructive developments in recent months has been the broadening of market participation. In prior years, performance in the S&P 500 was largely concentrated in a small group of mega-cap stocks, often referred to as the “Magnificent Eight.” A healthy bull market, however, is characterized by broader participation across sectors and market capitalizations. Since October of last year, performance has expanded beyond the largest names. Mid-cap and smaller companies have demonstrated improved strength, while many of the previously dominant mega-cap stocks have underperformed relative to the broader index. This rotation signals improving market breadth and positive structural development. Broader participation creates a more stable foundation for equity markets, particularly during periods of geopolitical uncertainty. As the second quarter of the midterm election year unfolds, a period that has historically experienced weakness, the strengthening internal dynamics of the market provide a constructive backdrop. Oil, Inflation, and the “First Casualty” There is a longstanding saying that the first casualty of any conflict is the truth. Early reports during geopolitical crises are often incomplete or inaccurate. Reacting emotionally to initial headlines can lead investors astray. Instead, the focus should remain on measurable data, particularly price action across key markets. In the current environment, oil prices serve as a primary barometer. Historically, Middle East conflicts have had direct implications for crude oil supply and pricing. A review of West Texas Intermediate (WTI) crude over the past five years illustrates this clearly. During the 2022 conflict in Ukraine, oil prices surged above $120 per barrel and remained elevated above $100 for an extended period. Today's price movement is far more muted. WTI crude has risen to just above $72 per barrel, up from recent lows near $50, but significantly below the extremes seen in prior conflicts. This comparatively restrained reaction suggests markets are not yet pricing in a severe supply disruption. Statements from OPEC members signaling potential production increases may also be helping temper price spikes. Oil matters not only at the gas pump, but more critically through its influence on inflation. Elevated energy prices can make inflation “stickier,” complicating the Federal Reserve's efforts to lower interest rates. As inflation persists, interest rates may remain higher for longer. The 10-year U.S. Treasury yield remains another key indicator. In recent years, yields moving above approximately 4.5% have coincided with equity market weakness. As long as rates remain within the low-4% to 4.5% range, the broader market environment has tended to remain constructive. The interplay between oil, inflation, interest rates, and equity valuations ultimately determines portfolio outcomes. At present, inflation and rates remain within manageable ranges, and the broader market structure, both technically and fundamentally, remains intact. That does not eliminate risk, but it does suggest there is no immediate evidence that the prevailing uptrend has reversed. Disciplined investors avoid knee-jerk reactions. Instead, they monitor price signals, assess incoming data, and make measured adjustments only when warranted. Greg Powell, CIMA® President and CEO Wealth Consultant Email Greg Powell here Bobby Norman, CFP®, AIF®, CEPA® Managing Director Wealth Consultant Email Bobby Norman here Trey Booth, CFA®, AIF® Chief Investment Officer Wealth Consultant Email Trey Booth here Ty Miller, AIF® Vice President Wealth Consultant Email Ty Miller here Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Economic forecasts set forth in this presentation may not develop as predicted. No strategy can ensure success or protect against a loss. Stock investing involves risk including potential loss of principal. Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.The post “The Truth is the First Casualty.” first appeared on Fi Plan Partners.

In this episode of the Futures Rundown, we break down the differences between Brent and West Texas Intermediate (WTI) crude oil futures. Jermal Chandler from Tasty Live joins the discussion to help traders understand key nuances in contract specifications, market behavior, and pricing. The episode covers contract sizes, tick values, settlement types, and the geographical distinctions between Brent (Europe) and WTI (Texas). The show also touches on trading volumes, liquidity, and occasional anomalies like the negative pricing event in April 2020.    03:38 Futures 101: WTI vs Brent Crude 05:30 Contract Specifications and Trading Insights 09:06 Brent vs WTI: Market Dynamics and Trading Strategies 13:45 Final Thoughts   

Las futuras acciones muestran poco cambio a medida que los inversionistas esperan datos económicos y ganancias de Oracle y Adobe. Tras una semana negativa, el Dow Jones cerró con una ligera ganancia, al igual que el S&P 500 y el Nasdaq. Se espera con ansias información sobre la inflación y la posible influencia de las alzas en los precios del petróleo. También se anticipan datos de ventas minoristas y una encuesta sobre el sentimiento del consumidor. Apple celebrará un evento para presentar probablemente el iPhone 15, mientras enfrenta preocupaciones sobre restricciones en China. El petróleo West Texas Intermediate (WTI) cayó por debajo de los $87 por barril, luego de un aumento de casi el 10% en las últimas dos semanas. Indicadores técnicos, como el índice de fuerza relativa, sugieren que los futuros están sobrecomprados. Este alza se debe en parte a los recortes de producción de Arabia Saudita y Rusia, que se han extendido hasta finales de año. A pesar de la reciente baja, las señales alcistas persisten, como la ligera recuperación de la inflación en China y la extensión de las restricciones de suministro de la OPEC+. Instacart, la empresa de entrega de comestibles, está buscando una valoración de entre $8.6 mil millones y $9.3 mil millones en su próxima oferta pública inicial (IPO), muy por debajo de los $39 mil millones que logró en una ronda de financiación en 2021. Esta disminución refleja una menor entusiasmo por parte de los inversores hacia las empresas privadas en crecimiento. El debut de Instacart en la bolsa es indicativo del mercado de IPOs y será observado de cerca por diversos actores del mercado financiero. A pesar de haber tenido un crecimiento en 2020 debido a la pandemia, el crecimiento del negocio principal de entrega de Instacart se ha desacelerado en el último año. La empresa pretende diversificar, expandiendo sus servicios en publicidad y tecnología.

Announcing a new Closest to the Pin this week. Yellen starting to freak out. Market not ready for an inflation data surprise. Sentiment slipping.... PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter Warm Up - ANNOUNCING - NEW CTP for PacWest - Some prices from F1 food stops - is this right? - Gamma squeeze Friday? - Small biz sentiment - taking a leg down - Derby Day - bourbon and ham sandwiches Market Update - Oil gets a reprieve - dropped as low at $63 - Credit/loans tightening and we are just starting - Lending conditions tighten overall - Earnings - 79% companies beating estimates (good color with Silverblatt this week)  DONATIONS? Debt Ceiling Fight - Odds? - Bug dilemma - Republicans pushing for spending cuts Inflation - NY Fed- estimates 3-year rise to 2.9% from 2.8% - NY Fed 1-yr inflation expectations measure drops to 4.4% from 4.7% last month Employment Report - Higher than expected gains in employment - BUT - Last month revised much lower - so not much difference - Unemployment Rate drops to 3.4% - April Nonfarm Private Payrolls 230K vs. 160K Briefing.com consensus; prior revised to 123K from 189K - April Average Workweek 34.4 vs. 34.5 Briefing.com consensus; prior 34.4 - April Average Workweek 34.4 vs. 34.5 Briefing.com consensus; prior 34.4 - BIG ONE FOR INFLATION OUTLOOK - April Avg. Hourly Earnings 0.5% vs. 0.3% Briefing.com consensus; prior 0.3% Employment Situation Trend - Slowing economy - employment holding up well - How does that square?   Employment Chart Harbinger - Bank Credit is tightening (not much yet, but noticeable 1.5% drop) - 1.9% decline in bank credit in 1975. -  2.2% drop in bank credit in 2002. - 6.9% dip in bank credit between 2008 and 2010.   Credit Conditions Monday - Senior Loan Officer Report - Banks reported that lending standards tightened across all categories of residential real estate (RRE) loans other than government-sponsored enterprise (GSE)-eligible and government residential mortgages, which remained basically unchanged. Meanwhile, demand weakened for all RRE loan categories. In addition, banks reported tighter standards and weaker demand for home equity lines of credit (HELOCs). Standards tightened for all consumer loan categories; demand weakened for auto and other consumer loans, while it remained basically unchanged for credit cards. - Market may see this (perversely) as good news as Fed could think this is bad and not raise... (The Upside Down) Oil Prices - Headlines - Thursday: Oil Prices Fall Due to Recession Fears - Friday: Oil Steadies - Traders Look To Future - Monday: Oil Higher: Recession Fears Abate - -3 days and story changes? --- Oil prices rose on Monday as fears of a recession in the U.S., which drove prices down for three straight weeks for the first time since November, started receding. Brent crude futures were up 43 cents, or 0.6%, at $75.73 a barrel at 0624 GMT. U.S. West Texas Intermediate (WTI) crude futures were up 45 cents, also 0.6%, at $71.79 a barrel. COVID EMERGENCY - OVER - COVID-19 is no longer a global health emergency, World Health Organization director-general Tedros Adhanom Ghebreyesus declared Friday. - COUNTS according to WHO - 765 million cases and 7 million deaths - Meanwhile - Rochelle Walensky will step down as director of the US Centers for Disease Control and Prevention at the end of June, an unexpected departure after more than two years leading the agency through an oft-criticized response to the biggest public health crisis in a century. Icahn - Short Seller Report - Hindenburg cost Carl > $10 Billion - IEP Stock on the ropes due to questionable marks and leverage

Les prix du pétrole se maintenaient dans le vert mercredi, avant la publication de l'état des stocks américains de pétrole par l'Agence américaine d'information sur l'énergie (EIA), les tensions sur l'offre perdurant. Vers 09H25 GMT (11H25 à Paris), le baril de Brent de la mer du Nord pour livraison en août prenait 0,75% à 121,48 dollars. Le baril de West Texas Intermediate (WTI) américain pour livraison en juillet augmentait de 1,01% à 120,62 dollars. «L'intensité persistante de la guerre en Ukraine renforce les craintes de voir les contraintes d'approvisionnement se prolonger», a commenté Susannah Streeter, analyste pour Hargreaves Lansdown. Les prix du pétrole trouvent également un soutien dans l'éventualité d'une grève qui pourrait être imminente dans l'industrie pétrolière et gazière norvégienne, selon Carsten Fritsch de Commerzbank. La Norvège est un important producteur européen de pétrole et de gaz. L'OCDE abaisse son anticipation de la croissance mondiale à 3% «La seule chose qui pourrait ralentir le rallye pétrolier est une baisse de la demande», estime Ipek Ozkardeskaya, analyste pour Swissquote. Mercredi, l'OCDE a fortement abaissé son anticipation de la croissance mondiale à 3%, contre 4,5% dans son estimation de décembre dernier. Les conséquences de la guerre en Ukraine pourraient engendrer une flambée de l'inflation à 8,5% parmi les pays membres de l'OCDE en 2022, alerte l'organisation internationale dans ses dernières prévisions économiques. Un niveau deux fois plus élevé que celui qu'elle anticipait en décembre. À LIRE AUSSILa France est-elle le pays de l'OCDE où le «départ effectif à la retraite est le plus bas» ? Le marché attend par ailleurs la publication de l'état des stocks américains de pétrole par l'EIA. «Les stocks de pétrole aux États-Unis ont fortement baissé la semaine dernière, ajoutant à la pression positive sur les prix», rappelle Ipek Ozkardeskaya. L'American Petroleum Institute (API), dont les données sont réputées moins fiables que celles de l'EIA, a fait état mardi d'une hausse de 1,8 million de barils des réserves américaines de pétrole brut. «Si tel est le cas, nous pourrions assister à un soulagement à court terme sur les prix du pétrole», affirme Mme Ozkardeskaya. Mais, selon la médiane d'un consensus compilé par Bloomberg, les analystes tablent sur une baisse de 2,5 millions de barils des réserves commerciales de brut. --- Send in a voice message: https://anchor.fm/aziz-mustaphi/message

It's been almost two years since most borrowers have had to pay their monthly student loan bill. And yet, 93% of them are not prepared to resume payments on May 1, according to a survey of more than 23,000 student loan borrowers by the Student Debt Crisis Center. Once payments restart, the amount due will be largely the same, since interest on most federal student loans was suspended during the government's payment pause. However, the cost of living has dramatically changed. According to the most recent government data, the Consumer Price Index, which measures the costs of consumer goods, is up 7.5% — the fastest annual pace in about four decades. U.S. stock futures moved lower in overnight trading on Sunday as investors grew concerned about the economic ramifications of the fighting between Russia and Ukraine. Dow futures dropped about 450 points. S&P 500 futures fell 2.3% and Nasdaq 100 futures lost 2.7%. U.S. and global equities experienced volatile trading last week as geopolitical tensions between Russia and Ukraine escalated. Early Thursday morning local time, Moscow launched military action in Ukraine. Throughout the weekend, the Russian advance into Ukraine continued. Russian military vehicles entered Ukraine's second-largest city Kharkiv with reports of fighting taking place and residents being warned to stay in shelters. Russian President Vladimir Putin put his country's nuclear deterrence forces on high alert Sunday amid a growing global backlash against the invasion. Ukraine's Defense Ministry said representatives for Ukraine and Russia have agreed to meet on the Ukraine-Belarus border “with no preconditions.” U.S. West Texas Intermediate (WTI) crude future rose more than 4%to around $95.60 per barrel on Sunday. The April Brent crude futures contract also rose 4% to near $102 per barrel.

En las primeras tres semanas de este mes el Gobierno destinó alrededor de RD$1,000 millones para mitigar el impacto en el mercado local de las alzas de precio de los hidrocarburos en el ámbito internacional. El Ministerio de Industria, Comercio y Mipymes (MICM) informó que el barril de petróleo West Texas Intermediate (WTI) alcanzó los los US$87, un precio record registrado en los últimos siete años. A pesar de esta coyuntura, según el organismo, el Gobierno garantiza que seguirá asumiendo parte de los aumentos de precios de los combustibles para no transferir los incrementos a la población. El MICM indicó que se tratará, de acuerdo a las posibilidades del presupuesto nacional, de absorber la mayor parte de los aumentos, como ha hecho desde el año pasado. El organismo precisó que pese a que hace más de 15 meses que el costo del crudo se ha mantenido en aumento de forma initerrumpida, el Gobierno ha llegado a asumir hasta un 80% de las variaciones del precio de los combustibles para no trasladar el 100% del alza a los consumidores. La institución destacó que desde mediados de diciembre se han destinado recursos para asumir hasta RD$14 en el caso del galón de gas licuado de petróleo (GLP) y RD$21 en el caso del gasoil regular. Indicó que durante los últimos 11 meses del 2021 el Estado asumió aumentos por un monto superior a los RD$13,000 millones, lo que demuestra su compromiso hacer frente a la actual crisis internacional de precios. --- Send in a voice message: https://anchor.fm/carlos-roberto-gutierrez/message

En las primeras tres semanas de este mes el Gobierno destinó alrededor de RD$1,000 millones para mitigar el impacto en el mercado local de las alzas de precio de los hidrocarburos en el ámbito internacional. El Ministerio de Industria, Comercio y Mipymes (MICM) informó que el barril de petróleo West Texas Intermediate (WTI) alcanzó los los US$87, un precio record registrado en los últimos siete años. A pesar de esta coyuntura, según el organismo, el Gobierno garantiza que seguirá asumiendo parte de los aumentos de precios de los combustibles para no transferir los incrementos a la población. El MICM indicó que se tratará, de acuerdo a las posibilidades del presupuesto nacional, de absorber la mayor parte de los aumentos, como ha hecho desde el año pasado. El organismo precisó que pese a que hace más de 15 meses que el costo del crudo se ha mantenido en aumento de forma initerrumpida, el Gobierno ha llegado a asumir hasta un 80% de las variaciones del precio de los combustibles para no trasladar el 100% del alza a los consumidores. La institución destacó que desde mediados de diciembre se han destinado recursos para asumir hasta RD$14 en el caso del galón de gas licuado de petróleo (GLP) y RD$21 en el caso del gasoil regular. Indicó que durante los últimos 11 meses del 2021 el Estado asumió aumentos por un monto superior a los RD$13,000 millones, lo que demuestra su compromiso hacer frente a la actual crisis internacional de precios. --- Send in a voice message: https://anchor.fm/carlos-roberto-gutierrez/message

The domestic markets rebounded smartly on Monday, rising nearly 2%, after a massive crash last week. Going into trade today, the BSE barometer Sensex could make a dash to reclaim the 50,000 mark amid a firm set of global cues. At 7.25 am, Nifty futures on the Singapore Exchange traded 102 points higher, indicating a gap-up start for indices back home. Besides, strong macroeconomic data and weakness in crude oil prices could also support the upside. India's goods and services tax (GST) collection surpassed the Rs 1 trillion-mark for the fifth consecutive month, touching Rs 1.13 trillion in February, indicating signs of improvement in the economy. Meanwhile, in the oil market, the crude prices slipped over 1% amid concerns that OPEC+ may agree to increase global supply in a meeting this week and Chinese demand may be slipping. Brent crude dropped 1.2% to $62.91 a barrel while U.S. West Texas Intermediate (WTI) crude slid 1.2%, to $59.90. Both WTI and Brent had lost over 1% on Monday as well. That apart, in the overnight session, Wall Street indices jumped as bond markets calmed after a month-long selloff, while another Covid-19 vaccine getting U.S. approval and fiscal stimulus also bolstered expectations of a swift economic recovery. The Dow Jones Industrial Average surged 1.95% and Nasdaq Composite jumped 3.01%. The S&P 500 gained 2.38% and posted its strongest one-day gain since June. Consequently, shares in Asia rose too. Australia’s S&P/ASX 200 Index gained 0.4% and South Korea’s Kospi index rose 2.2%. However, Topix index was down 0.4%. In other news, in a bid to further strengthen the regulatory framework for independent directors, Sebi proposed putting in place a dual approval system for their appointment as well as removal. In a significant move, the regulator has suggested that independent directors' appointments should be cleared by the "majority of the minority" shareholders under the dual approval system. Now, a look at the stock-specific developments that are likely to sway the market today: Quess Corp announced the separation of roles of its Chairman and Managing Director. Suraj Moraje, currently Group CEO and Executive Director, will be elevated to Group CEO and Managing Director from April 1, while Ajit Isaac, currently Executive Chairman and MD, will continue in the role of Executive Chairman. Hero MotoCorp on Monday reported a 1.45 per cent increase in total sales at 5,05,467 units in February. The company had sold 4,98,242 units in the same month of the previous year. Bharat Petroleum Corporation (BPCL) said it will exit Numaligarh refinery in Assam by selling its entire stake to a consortium of Oil India Ltd and Engineers India Ltd for Rs 9,876 crore. Sterlite Technologies (STL) announced to have bagged deals of over Rs 700 crore from telecom firms in Middle East and Africa (MEA), taking the company's total order book to over Rs 11,300 crore. The government has received multiple bids for privatisation of Shipping Corporation of India, Department of Investment and Public Asset Management Secretary Tuhin Kanta Pandey said on Monday. Shares of Eicher Motors would be in focus after Royal Enfield on Monday reported a 10 per cent increase in total sales at 69,659 units in February.

Wilbert Wynnberg is an international speaker, award-winning author, and founder of the Think Act Prosper (TAP) Growth Conference. Since 2015, Wilbert has touched the lives of over 100,000 people in more than 20 countries through his seminars, live programs, and award-winning book, THINK. ACT. PROSPER.: How Small Habits Can Lead to Massive Success.   “If you want to stay in the investment game for the long term, sometimes you just have to take a short break so that you can enjoy the game.” Wilbert Wynnberg   Worst investment ever Wilbert’s worst investment ever happened just a few weeks ago. As a prolific investor, Wilbert has been following the business cycles since the COVID-19 pandemic erupted. He’s been tracking a lot of different indicators, data, and the underlying numbers. He felt that in 2018, a lot of things had kind of picked up, but there wasn’t any reason for him to go in and take any action, whether it be long or short. So he kept watching the market. Ignoring Coronavirus At the start of the year, when Coronavirus started hitting the news, Wilbert at first wasn’t paying much attention to it. He thought it was the US probably overplaying the whole situation. Wilbert decided not to do anything about it unless he had further confirmation. Getting ready to beat the market By February, it was almost inevitable that the market was going to be shaken up. Wilbert could foresee a bear market. And so he started raising money so that he could pounce on the market. As he was raising money, Wilbert was also tracking things like insider trading, whether CEOs were buying or selling companies, what hedge funds were doing, and more. At that point, his research showed him that it was not the right time to buy equities and go into the stock market. So Wilbert waited it out. Taking the market head-on Eventually, Wilbert found out that with this virus and a high unemployment rate, governments will have to start printing money. So he began to look at commodities. Oil prices started coming down as well. Now Wilbert was very confident it was time to invest. At this point, he had raised a decent few million dollars. Oil stocks seemed like a good option, or was it? Brent oil was at about $25, and the West Texas Intermediate (WTI) was at about $22. This was a two-decade low. However, everybody believed that oil, unlike Bitcoin, would never go to zero because people need it for everyday stuff. So, Wilbert and his investment team were quite confident and stoked. They thought that this was going to be the trade of the lifetime. So without much further ado, Wilbert entered the position and started buying oil stocks. Falling flat on their faces At some point, Wilbert received an alert saying that Saudi Arabia and Russia were going to cut oil production. So they started buying in. Little did they know that actually, it was just a tweet from President Donald Trump. Oil prices at the time were $22. Prices went up to $32 before coming back down. By April 22nd, prices had plummeted and at some point were at a low of $8 while the oil futures contract went to negative 37 (Yes, people would actually pay you to take delivery on oil). Wilbert decided to count his losses and stopped investing in oil. Lessons learned Everybody is in it for themselves Don’t ever think that there will be a time that you’re genuinely safe, and nothing terrible will happen to your investment. Always make sure you keep checking on how things are going. Everyone else is looking out for their interests. You won’t get the whole picture You’ll never understand everything, no matter how long you’ve been an investor. Be careful about overconfidence bias. The moment you feel that you’ve understood the game in and out, that you know every single ounce of the game, that’s when you have to double-check things. Admit when you’re wrong Most people refuse to admit that they might be wrong after choosing one investment over another. They think that the bad situation is going only to be temporary, so they just let it go unhedged. Andrew’s takeaways Behind every trade is a financial infrastructure Don’t overlook the fact that there is a financial infrastructure behind every trade. When buying a stock or a derivative, keep in mind that there’s a whole infrastructure, and if that infrastructure falls apart, it’s over for everyone. Do better research When doing your research, go beyond the typical analysis. Break your research into two parts. Part one, your research on the opportunity, and then Part two is where you allow yourself to imagine what if your investment goes wrong. This removes the emotion out of the investment. Actionable advice If you are serious about trading and investing, record your journey. That is every single thing that you have done. When you start recording things you get to measure them, you get to see what went right and what went wrong. This allows you to be a better version of yourself in anything, just by doing more of what works and less of what doesn’t. No. 1 goal for the next 12 months For the next 12 months, Wilbert just wants to continue to build his fund so he can raise more money and keep sharing financial knowledge with people. Parting words   “It’s a learning journey, so just don’t give up. Get into the right group, right environment, right people, and have a Never Say Die attitude.” Wilbert Wynnberg   Connect with Wilbert Wynnberg LinkedIn Facebook Twitter Website Andrew’s books How to Start Building Your Wealth Investing in the Stock Market My Worst Investment Ever 9 Valuation Mistakes and How to Avoid Them Transform Your Business with Dr.Deming’s 14 Points Andrew’s online programs Valuation Master Class Women Building Wealth The Build Your Wealth Membership Group Become a Great Presenter and Increase Your Influence Transform Your Business with Dr. Deming’s 14 Points Connect with Andrew Stotz: astotz.com LinkedIn Facebook Instagram Twitter YouTube My Worst Investment Ever Podcast Further reading mentioned Wilbert Wynnberg (2018) THINK. ACT. PROSPER.: How Small Habits Can Lead to Massive Success Jason Zweig (2007) Your Money and Your Brain: How the New Science of Neuroeconomics Can Help Make You Rich  

Indian equity market soared on Thursday, the last day of the futures & options (F&O) contracts of April series, as encouraging early results from a Covid-19 treatment trial boosted investor sentiment. Buying was witnessed across the board with stocks such as Tata Motors, Vedanta, and Hindalco leading the charge.   The S&P BSE Sensex rallied an impressive 997 points or 3 per cent to 33,718 levels. Of 30 constituents, 26 ended in the green and rest 4 in the red. ONGC (up over 13 per cent) emerged as the biggest gainer on the index, followed by HCL Tech (up 11 per cent), Hero MotoCorp (up 9 per cent), and NTPC (up 6 per cent).   On the contrary, Sun Pharma (down nearly 3 per cent) ended as the top loser. HUL ,too, ended over 1.6 per cent lower at Rs 2,195.70 ahead of its March quarter results due later in the day. NSE's headline index Nifty surged 307 points or over 3 per cent to settle at 9,860.   On a weekly basis, Sensex zoomed 7.6 per cent and Nifty jumped 7.7 per cent.   In the broader market, the S&P BSE MidCap index rallied 1.46 per cent to 12,013 levels and the S&P BSE SmallCap index gained over 1 per cent to 11,102-mark.   On the sectoral front, metal stocks advanced the most with the Nifty Metal index surging 8 per cent to 1,859.90 levels. Nifty Auto index was second on the list - up 6.45 per cent to 5,901 levels.   Markets will remain closed on Friday on account of Maharashtra Day.   Global Markets   World stocks headed for their best month on record on Thursday, as encouraging early results from a COVID-19 treatment trial and expectations of more European Central Bank (ECB) stimulus later in the day helped ease the pain of February and March. Europe saw a cautious start.   A 1.4 per cent rise in MSCI's broadest index of Asia-Pacific shares, excluding Japan, has it tracking toward a weekly gain of more than 5 per cent, its best in three weeks. Japan's Nikkei jumped 2.8 per cent to a seven-week high.   In commodities, oil prices jumped, lifted by signs that the US crude glut is not growing as quickly as expected and of a rise in fuel demand, which has been crushed by the coronavirus. West Texas Intermediate (WTI) crude futures climbed to $17.11 a barrel, up 13.6 per cent or $2.05 at the time of writing of this report. The US benchmark surged 22 per cent on Wednesday.

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Even as major oil-producers have agreed to cut output amid a massive glut, this hasn’t prevented the US oil price falling into negative territory for the first time ever.   Dr Lurion De Mello, Senior Lecturer, Department of Applied Finance at Macquarie University's Business School, joins Luke Grant to explain how this happened.   ‘The extreme event of an actual negative oil price was triggered by speculation as much as by dwindling demand.’   ‘The West Texas Intermediate (WTI) price shock on 20 April was driven mainly by the expiry of the May oil futures contract which could not find a buyer to take delivery of barrels. This indicated to the market that there was little interest from buyers to take physical delivery of oil.’   ‘The collapse in the price was exacerbated by an exchange traded fund with a 25 per cent stake in an expiring contract. The fund dumped its holding onto the market at whatever price it could get, driving the severe negative impact on the price.’

The Chamber of Petroleum Consumers, Ghana, (COPEC) is calling on government to help the Bulk Oil Storage and Transport (BOST), get an open credit system in place immediately to stock oil at this point for the country’s strategic reserves or stocking needs. This follows reports that for the first time in history, the price of US oil has turned negative due to a supposed unavailability of storage space across the US market. The price of a barrel of West Texas Intermediate (WTI), the benchmark for US oil, has fallen as low as minus $37.63 a barrel. --- Support this podcast: https://anchor.fm/newscast-africa/support Learn more about your ad choices. Visit megaphone.fm/adchoices

Yesterday, West Texas Intermediate (WTI) oil fell into the negative for price per barrel, which is the first time that has happened in history. What does this mean for the ND economy? Here to visit with host Joel Heitkamp about the numbers and price of oil is Ernest Scheyder, an oil expert and Reuters journalist. Scheyder lived in Williston for 2 years covering the Bakken region, so he is well versed in this issue.  Take a listen to Scheyder's full interview with Heitkamp by clicking on the 'play' icon above. 

La cotización del barril de crudo WTI, la referencia en Estados Unidos, cayó este lunes a valores negativos en su menor nivel histórico por el desplome de la demanda durante la pandemia de coronavirus. Agravando su descenso a los infiernos, el barril de West Texas Intermediate (WTI) para entrega en mayo, que el lunes se negociaba por último día, perdía más del 294% y se situaba en -37,60 dólares la unidad. En 2011, valía 114 dólares. El desplome afectó a la Bolsa de Nueva York, que cotizaba en rojo: el Dow Jones cedía 1,04% y el Nasdaq ganaba el 0,14 tras perder en la apertura. De su lado, el barril de Brent del Mar del Norte, referencia para el mercado europeo y global, cedía 6,5% hasta los 26,27 dólares el barril a las 13:30 GMT. La impresionante diferencia entre los barriles de WTI y Brent, y también con los futuros de WTI, que se encuentran en 20 dólares para entrega en junio y 32 dólares en noviembre, se debe a la falta de espacio de almacenamiento que está sufriendo Estados Unidos para el petróleo sobrante ante el derrumbe de la demanda provocado por la pandemia de coronavirus. LA OPINION DE LUIS PALMA CANE, DANIEL ARTANA Y ROSENDO FRAGA.

Oil prices were broadly stable on Thursday after sharp losses in the previous session, with investors hoping that a big build-up in U.S. inventories may mean producers have little option but to deepen output cuts as the coronavirus pandemic ravages demand. With official data showing U.S. inventories surging the most on record, U.S. West Texas Intermediate (WTI) fell on Wednesday to its lowest since February 2002, with Brent losing more than 6%. Brent crude LCOc1 was down 19 cents, or 0.7%, at $27.50 a barrel by 0754 GMT. WTI was up 7 cents, or 0.4%, at $19.94. Brent was heading for its third straight session of losses, while WTI eeked out its first tentative gains after falling for four sessions. --- Support this podcast: https://anchor.fm/newscast-africa/support Learn more about your ad choices. Visit megaphone.fm/adchoices

Oil prices turned negative on Monday, erasing gains made after major producers agreed record global output cuts, pressured by concerns that the cuts will not be sufficient to head off oversupply as the coronavirus pandemic hammers demand. After four days of delibration, the OPEC+ group of oil producers agreed to cut output by 9.7 million barrels per day (bpd) in May and June, representing about 10% of global supply. Brent crude LCOc1 futures were down 52 cents, or 1.7%, at $30.96 a barrel by 0810 GMT after opening at a session high of $33.99. U.S. West Texas Intermediate (WTI) crude CLc1 futures fell 12 cents, or 0.5%, to $22.64 but was oscillating in and out of positive territory. --- Support this podcast: https://anchor.fm/newscast-africa/support Learn more about your ad choices. Visit megaphone.fm/adchoices

Although historically popular with US midcontinent refiners, West Texas Sour (WTS) has had to change with the times and learn new tricks as both a supply gap filler and a blending component. WTS’ new role as a blending component to make West Texas Intermediate (WTI) from lighter Permian production has resuscitated WTS prices. 

https://www.cnbc.com/2018/12/03/qatar-to-withdraw-from-opec-as-of-january-2019.htmlCould Qatar's decision signal more discontent among smaller oil producers towards the dominance of Saudi Arabia and its new partner, Russia? See: https://www.forbes.com/sites/ellenrwald/2018/12/03/is-qatars-opec-exodus-a-blow-to-saudi-arabias-dominance/#67a0372d7ca6Could an all out production war be on the horizon again? Shale producers aren't in the same position, Saudi Arabia isn't in the same position either. Is is possible for oil to hit $70 by the end of the year?https://www.bloomberg.com/amp/news/articles/2018-12-01/putin-says-russia-and-saudi-arabia-to-extend-opec-oil-pactWhy is Trump advocating for lower oil prices when it hurts the U.S. oil industry? This is a huge issue for shale oil producers, especially considering https://edition.cnn.com/2018/12/02/europe/france-fuel-protests-violence-intl/index.htmlCNN attributes this to rising wholesale oil prices but oil prices are actually going down. In fact it's fuel taxes. https://mobile.reuters.com/article/amp/idUSKBN1O203AAlberta has 35 million barrels of oil in storage Discount on Western Canada Select (WCS) heavy blend hit a record at $52.50 below the West Texas Intermediate (WTI) benchmark last month.Hopefully this won't make it more difficult to build a pipelinehttps://www.spglobal.com/platts/en/market-insights/latest-news/oil/120218-oman-sees-consensus-forming-on-opec-crude-output-cut-ministerOman - the champions of cutting. Emerging as voice of reason within the OPEC+ group

https://www.cnbc.com/2018/12/03/qatar-to-withdraw-from-opec-as-of-january-2019.htmlCould Qatar's decision signal more discontent among smaller oil producers towards the dominance of Saudi Arabia and its new partner, Russia? See: https://www.forbes.com/sites/ellenrwald/2018/12/03/is-qatars-opec-exodus-a-blow-to-saudi-arabias-dominance/#67a0372d7ca6Could an all out production war be on the horizon again? Shale producers aren't in the same position, Saudi Arabia isn't in the same position either. Is is possible for oil to hit $70 by the end of the year?https://www.bloomberg.com/amp/news/articles/2018-12-01/putin-says-russia-and-saudi-arabia-to-extend-opec-oil-pactWhy is Trump advocating for lower oil prices when it hurts the U.S. oil industry? This is a huge issue for shale oil producers, especially considering https://edition.cnn.com/2018/12/02/europe/france-fuel-protests-violence-intl/index.htmlCNN attributes this to rising wholesale oil prices but oil prices are actually going down. In fact it's fuel taxes. https://mobile.reuters.com/article/amp/idUSKBN1O203AAlberta has 35 million barrels of oil in storage Discount on Western Canada Select (WCS) heavy blend hit a record at $52.50 below the West Texas Intermediate (WTI) benchmark last month.Hopefully this won't make it more difficult to build a pipelinehttps://www.spglobal.com/platts/en/market-insights/latest-news/oil/120218-oman-sees-consensus-forming-on-opec-crude-output-cut-ministerOman - the champions of cutting. Emerging as voice of reason within the OPEC+ group

Oil prices fall this Monday morning as the US added Four new drilling points leading to higher output which is said to drive oversupply of the commodity in the coming days. U.S. West Texas Intermediate (WTI) crude futures were at $62.14 a barrel at 0739 GMT, down 20 cents, or 0.3 percent, from their previous close. Brent crude futures were at $65.99 per barrel, down 22 cents, or 0.3 percent. Egypt which has become the prime territory for risk-hungry debt traders for the past 15 months, could be upstaged by other emerging markets as it begins to cut rates to spur the economy. Exxon Mobil Corporation is working in partnership Pakistan's large businesses on a proposal to build and supply the country's third import terminal for liquefied natural gas, according to the nation's minister for maritime affairs. --- Send in a voice message: https://anchor.fm/africabusinessnews/message Support this podcast: https://anchor.fm/africabusinessnews/support

Oil prices fall this Monday morning as the US added Four new drilling points leading to higher output which is said to drive oversupply of the commodity in the coming days. U.S. West Texas Intermediate (WTI) crude futures were at $62.14 a barrel at 0739 GMT, down 20 cents, or 0.3 percent, from their previous close. Brent crude futures were at $65.99 per barrel, down 22 cents, or 0.3 percent. Egypt which has become the prime territory for risk-hungry debt traders for the past 15 months, could be upstaged by other emerging markets as it begins to cut rates to spur the economy. Exxon Mobil Corporation is working in partnership Pakistan's large businesses on a proposal to build and supply the country's third import terminal for liquefied natural gas, according to the nation's minister for maritime affairs. Become a supporter of this podcast: https://anchor.fm/africa-podcast-network/support

Oil prices fall this Monday morning as the US added Four new drilling points leading to higher output which is said to drive oversupply of the commodity in the coming days. U.S. West Texas Intermediate (WTI) crude futures were at $62.14 a barrel at 0739 GMT, down 20 cents, or 0.3 percent, from their previous close. Brent crude futures were at $65.99 per barrel, down 22 cents, or 0.3 percent. Egypt which has become the prime territory for risk-hungry debt traders for the past 15 months, could be upstaged by other emerging markets as it begins to cut rates to spur the economy. Exxon Mobil Corporation is working in partnership Pakistan’s large businesses on a proposal to build and supply the country’s third import terminal for liquefied natural gas, according to the nation’s minister for maritime affairs. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/africanperspective/support

Oil prices fall this Monday morning as the US added Four new drilling points leading to higher output which is said to drive oversupply of the commodity in the coming days. U.S. West Texas Intermediate (WTI) crude futures were at $62.14 a barrel at 0739 GMT, down 20 cents, or 0.3 percent, from their previous close. Brent crude futures were at $65.99 per barrel, down 22 cents, or 0.3 percent. Egypt which has become the prime territory for risk-hungry debt traders for the past 15 months, could be upstaged by other emerging markets as it begins to cut rates to spur the economy. Exxon Mobil Corporation is working in partnership Pakistan’s large businesses on a proposal to build and supply the country’s third import terminal for liquefied natural gas, according to the nation’s minister for maritime affairs. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

News reporter Christie Moffat speaks to ICIS senior editor Ignacio Sotolongo and deputy managing editor Bobbie Clark about the movement of crude oil, focusing in particular on West Texas Intermediate (WTI) reaching $50/bbl this week.