Category: Prices
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Oil Prices Predicted to Plunge to $60 by 2025, Bringing Relief to Drivers
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Motorists are set to benefit from a significant drop in fuel prices over the next 18 months, with analysts predicting a significant drop in the cost of oil to $60 per barrel. The expectation of lower gasoline prices comes on the heels of expectations that the global supply of oil…
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Cruise stocks fall as BofA sees modest softness in prices By Investing.com
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Cruise line inventory Royal Caribbean (NYSE:), Carnival Corp. declined. (NYSE:), Danish Cruise Line (NYSE:), and Viking Holdings (VIK) on Friday after Bank of America analysts said in a note they see a modest decline in cruise prices. RCL stock fell more than 5%, while CCL stock fell more than 8%.…
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Oil’s ‘last hurrah’ is coming, Citi says in bearish outlook for global crude prices
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Slavko Sereda/iStock via Getty Images Oil futures rose on Wednesday despite an unexpected 3.7 million barrel increase in US crude inventories and the International Energy Agency’s forecast of a “spectacular” oil glut by the end of the decade. The International Energy Agency expects oil demand growth to peak by 2029…
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Oil’s ‘last hurrah’ is coming, Citi says in bearish outlook for global crude prices
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Slavko Sereda/iStock via Getty Images Oil futures rose on Wednesday despite an unexpected 3.7 million barrel increase in US crude inventories and the International Energy Agency’s forecast of a “spectacular” oil glut by the end of the decade. The International Energy Agency expects oil demand growth to peak by 2029…
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China’s consumer prices rise less than expected in May, PPI deflation eases
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Funtap/iStock via Getty Images China’s consumer prices rose at a steady rate in May, while producer price deflation moderated slightly, indicating that measures taken by the Chinese government to stimulate the economy are beginning to show positive results. China’s annual inflation rate was 0.3% in May 2024, unchanged The index…
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China’s consumer prices rise less than expected in May, PPI deflation eases
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Funtap/iStock via Getty Images China’s consumer prices rose at a steady rate in May, while producer price deflation moderated slightly, indicating that measures taken by the Chinese government to stimulate the economy are beginning to show positive results. China’s annual inflation rate was 0.3% in May 2024, unchanged The index…
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US Senate panel to weigh Novo Nordisk subpoena over Ozempic, Wegovy prices By Reuters
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WASHINGTON (Reuters) – The U.S. Senate Health Committee said on Tuesday it will vote this month on whether to subpoena Novo Nordisk (NYSE:) to answer questions about U.S. prices for weight-loss drugs Ozempic and Wegovy, which are much higher than their prices in other countries. . countries. The Senate Committee…
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Electricity prices up for first time in six months
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Electricity prices increased by an average of 2.8 percent, or 86 cents per unit, this month, the first increase since January, which is expected to raise the cost of living. In its latest monthly review, the Energy and Petroleum Regulatory Authority (Epra) raised the fuel energy excise (FEC) to Sh3.59…
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NYSE To Launch Products Tracking Spot Bitcoin Prices
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The New York Stock Exchange (NYSE) has Announce It plans to launch financial products linked to the spot price of Bitcoin. The New York Stock Exchange is partnering with CoinDesk Indices to develop cash settlement index options that will track the CoinDesk Bitcoin (XBX) price index. Urgent: ?? The New…
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NYSE To Launch Products Tracking Spot Bitcoin Prices
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The New York Stock Exchange (NYSE) has Announce It plans to launch financial products linked to the spot price of Bitcoin. The New York Stock Exchange is partnering with CoinDesk Indices to develop cash settlement index options that will track the CoinDesk Bitcoin (XBX) price index. Urgent: ?? The New…
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Crypto Pundit Shares “Inevitable” Prices For Bitcoin And 5 Altcoins
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With the cryptocurrency market expected to enter a bull run later this year, Bitcoin, along with altcoins, are already expected to respond. While cryptocurrency investors eagerly await this rally, one cryptocurrency analyst has revealed where they expect the prices of six cryptocurrencies to go. Bitcoin and Altcoins are set to…
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Rising food, electricity prices push May inflation up to 5.1pc
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The cost of living rose slightly in May, with inflation rising to 5.1 percent from five percent in April due to higher costs of food and electricity. The Food and Non-Alcoholic Beverages Index, which accounts for food prices, rose by 6.2 percent year-on-year compared to May of last year and…
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High home prices in swing states could help Biden in presidential election, study says
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the study, “Housing performance and votersanalyzed home prices and election results in every county in the continental United States during each of the last six presidential elections. What he found was that swing counties in which home prices rose significantly in the four years before the election were more likely…
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Gasoline prices to fall for first time in 2024
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The Ministry of Energy and Infrastructure announced that as of June 2, the price will decrease by NIS 0.38 per liter to NIS 7.52 per liter. After five straight months of hikes, the maximum price for government-controlled 95 octane gasoline at self-service pumps in Israel will fall on Saturday at…
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U.S. Q1 GDP Revised Lower, GDP Prices and Jobless Claims Disappointed
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US economic growth for the first quarter of 2024 was revised down in the second estimate, with annual GDP now at just 1.3% when markets expected it to maintain its initial reading of 1.6%. According to the Bureau of Economic Analysis, the downward revision “It primarily reflects a downward revision…
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Crude Oil Technical Analysis – Strong growth data boosts prices
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Basic overview The price of crude oil has declined steadily since it reached the $87.50 level following tit-for-tat reprisals between Iran and Israel. The decline came as a surprise as the market did not respond favorably to global growth expectations amid policy easing by China and other major central banks,…
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US asset prices are rising despite falling money supply By Investing.com
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Gavical Research experts highlighted the unusual trend of rising US asset prices despite the contraction of the money supply, which is a deviation from the typical correlation where excessive growth in the money supply leads to an increase in asset prices. While the traditional link showed signs of weakness, US…
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Copper prices to quadruple on soaring demand, top commodity trader Andurand says
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SimoneN/iStock via Getty Images Hedge fund manager Pierre Andurand, one of the world’s most famous commodities traders, believes that the rise in copper prices still has much further to go and could be close to… Four times as much as $40,000 per metric ton For the next few years, the…
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America Will Be A ‘Nation Of Renters’ As Prices Soar Beyond Wages Under Biden’s Watch, Says Grant Cardone
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America will be a ‘nation of renters’ as prices rise beyond wages under Biden, says Grant Cardone Under the Biden administration, the gap between US wage increases and rising rental costs has widened, with real estate tycoon Grant Cardone attributing the disparity to current federal economic policies. While 1.2 million…