Crude oil imports increased by 902,000 bpd, averaging 6.4 million bpd. Over the past four weeks, crude oil imports averaged 6.2 million bpd. Strategic Petroleum Reserve increased from 383.9 million…
Tag: Economics
German Producer Prices Down 1.4% in September Boosting December ECB Rate Cut Bets
According to Destatis: Energy prices were 6.6% lower in September 2024, compared with September 2023, the main contributor to the drop in producer prices. Mineral oil products were 14.4% lower…
Coca-Cola Beats Earnings but Faces Global Demand Slump; Boeing Posts $6B Quarterly Loss
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US LEI Declines for Second Month in September, Heightening Recession Concerns for 2025
Factory New Orders: Continued weakness in factory new orders, which has been heavily impacted by a global manufacturing slowdown, remained a significant drag on the index. Inverted Yield Curve: The…