Archive for April 3rd, 2023

New Overnight Developments Abroad - Daily Update

OPEC Surprise and Release of March Manufacturing Purchasing Manager Surveys

April 3, 2023

The price of West Texas Intermediate oil shot up 6.0% on this first business day of the second quarter following an unexpected decision by OPEC Plus to cut production quotas. This inflationary development arrives amid signs from manufacturing purchasing manager surveys and direct price data suggesting that inflationary pressure may be receding. In the euro […] More

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