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According to the forecast of Citigroup analysts, Brent crude oil will cost $78 per barrel in the third quarter of 2018, and $79 per barrel in the fourth quarter. They expect the price of Brent in the first quarter of 2019 at $76 per barrel, in the second quarter - at $74 per barrel. Analysts of the bank predict that the price of WTI in the third quarter of this year will be about $72 per barrel, in the fourth quarter - about $73 per barrel. Next year it is expected that WTI in the first quarter will cost $70 per barrel, in the second quarter - $66 per barrel.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
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