World oil market to see higher surplus after OPEC+ hike: IEA
LONDON, Sept 11 (Reuters): World oil supply will rise more rapidly this year and a surplus could expand in 2026 as OPEC+ members increase output and supply from outside the group grows, the International Energy Agency (IEA) said on Thursday, in contrast to OPEC's own updated outlook.Supply will rise by...
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US consumer prices increase more than expected in August
WASHINGTON, Sept 11 (Reuters): US consumer prices rose more than expected in August and the annual increase in inflation was the largest in seven months, but the data is not expected to prevent a much-anticipated interest rate cut from the Federal Reserve next week against the backdrop of labor market...
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Gold pares losses as labor market weakness bolsters Fed easing expectations
Gold prices pared losses on Thursday, holding at near-record highs as soft US jobs data outweighed concerns from firmer inflation data, with investors still betting on the Federal Reserve easing interest rates next week, reports Reuters.Spot gold was down 0.2 per cent at $3,632.99 per ounce, as of 9:03 a.m....
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