Traders Predict 25-Point Rate Hike After OPEC+ Surprise Oil Output Cut | OilPrice.com

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A 25-basis point interest rate hike by the Federal Reserve in May is now more likely to materialize as a result of the surprise oil production cut announced on Sunday by OPEC+, futures traders predict.

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Source: Loan Digest (loandigest.net)

 

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FED is gnna be hawkish for longer. I don’t think there has been a recession without oil prices tumbling.

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Opec+ makes surprise output cuts of more than 1mn b/d\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT. Inflation to the moon 🚀!!! I am reminded of the GartmanBlog gartmanreport quote: 'If I've learned anything in 40 years, it's that OPEC cheats. Every one of the members cheat. They cheat on themselves. They cheat on each other. It is extraordinary. To think otherwise is naive” AndurandPierre Always USA is the answer from Selfish Saud Arabia who is now working on behalf of Putin.
Source: FT - 🏆 113. / 51 Read more »

Opec+ makes surprise output cuts of more than 1mn b/d\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT. I am reminded of the GartmanBlog gartmanreport quote: 'If I've learned anything in 40 years, it's that OPEC cheats. Every one of the members cheat. They cheat on themselves. They cheat on each other. It is extraordinary. To think otherwise is naive” AndurandPierre
Source: ftenergy - 🏆 47. / 63 Read more »

FirstFT: Opec+ makes surprise cuts in oil production\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT. Not so good for the US attempts at reining in inflation Of benefit to Russia and others in OPEC+, pushing up demand and price pressure
Source: ftenergy - 🏆 47. / 63 Read more »

Oil prices surge as Opec+ makes unexpected production cut\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Source: ftenergy - 🏆 47. / 63 Read more »

Goldman Sachs Raises Oil Price Forecast Following OPEC+ Cut | OilPrice.comJust hours after OPEC+ shocked markets with an announcement that it would cut oil production further, Goldman Sachs boosted its oil price forecast for 2023 by $5. Huh GasBuddyGuy ⛽️ lol 🥃👌🏻 Those market predicters are 🤡, they just follow market... End of the month
Source: OilandEnergy - 🏆 34. / 68 Read more »

Oil Prices Soar As OPEC+ Shocks The Market | OilPrice.comOPEC+ has sent oil prices soaring with its surprise announcement - an announcement that it is notable was made outside its regular monthly meeting. Exactly why everyone should get off oil ASAP
Source: OilandEnergy - 🏆 34. / 68 Read more »