Fitch Ratings has lowered its 2025 oil price forecasts due to weaker global growth and planned OPEC+ production increases, with Brent expected to average $65 and WTI $60. Concerns ...
Fitch Ratings anticipates deeper interest rate cuts by the ECB and emerging markets' central banks due to worsening global economic conditions and an escalating US-China trade war,...
Commercial crude oil inventories in the US rose by 500,000 barrels to 442.9 million barrels last week, as refinery inputs decreased slightly but gasoline production saw an increase...
US mortgage applications dropped by 8.5% amid rising interest rates and economic uncertainty, with the 30-year fixed-rate mortgage average climbing to 6.81%. MBA Chief Economist Mi...
The UN warns of a global economic slowdown, predicting growth could decelerate to 2.3% by 2025 due to trade tensions and policy uncertainties, with China outpacing the US, UK, and ...
US retail sales rose by 1.4% in March, reaching $734.9 billion, exceeding expectations. Year-over-year growth was 4.6%, with motor vehicle and parts dealers leading at 8.8% increas...
The WTO forecasts a 0.2% contraction in global merchandise trade for 2025, with North America's exports expected to plummet by 12.6%. A potential 1.5% decline looms if trade wars w...
In March, US industrial production decreased by 0.3%, influenced by a 5.8% drop in utilities due to warmer weather. Manufacturing and mining grew slightly, and business equipment s...
