Supply surge weighs on prices – DBS

Supply surge weighs on prices – DBS

DBS Group Research’s Philip Wee notes that Brent and WTI have fallen sharply, as markets anticipate abundant supply from the Gulf. US Treasury Secretary Scott Bessent expects Oil prices to fall below pre-conflict levels, while ongoing negotiations with Iran and the status of the Strait of Hormuz remain key uncertainties for energy markets. Brent and […]

“Inflation pressures are weighing on the economy”: Fed’s Paulson claims

“Inflation pressures are weighing on the economy”: Fed’s Paulson claims

Anna Paulson, President of the Federal Reserve (Fed) Bank of Philadelphia, said inflation is a drag on the United States (US) economy while discussing the economic outlook and regional trends at an event hosted by the Chamber of Commerce of Southern New Jersey on Friday. Key takeaways: Inflation pressures are weighing on the economy. Firms […]