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In the March review, Citigroup improved its forecast for the average annual price of Brent crude for the current year from $64 to $70 per barrel, Bloomberg reported. Citigroup experts expect that in the second quarter, this sort of oil will cost an average of $69 per barrel, in the third quarter - $74, and in the fourth quarter - $72 per barrel. The forecast for the first quarter of 2020 also increased from $62 to $65 per barrel. New expert estimates are based on the assumption that supplies from Venezuela, Iran, Nigeria and Algeria will continue to decline amid further reductions in commercial stocks of raw materials.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
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 ...
The reimplementation of virus-related lockdowns in some states dragged the U.S. economic outlook in the past month, according to economists in a Reuters poll who also warned that the monitored rebound in employment may reverse by the end of ...
June had seen Japan’s wholesale prices dropping slower than May’s historic decline. This followed as commodity costs advanced and some of the virus-driven deflationary pressure eased on a rebound monitored in Chinese demand. The ...
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