Rolling coverage of the latest economic and financial news, as Brent crude drops by 1% this morning
Wariness has returned to the financial markets at the start of the week, reports Susannah Streeter, head of money and markets at Hargreaves Lansdown.
Investors are assessing the risks of geo-political conflict, she says, amid fresh signs of global economic slowdown and uncertainty about the trajectory of inflation.
Oil prices have been fluctuating, as fresh concerns about the Middle East have been brewing, amid worries about supply issues in the region, particularly given the attacks on tankers in the Red Sea.
For now, focus has switched to signs of a dwindling appetite for oil globally, which have pushed down a barrel of Brent Crude to below $78. Saudi Arabia has flagged that it is seeing softening demand, prompting it to cut crude prices for buyers in all regions in February.
Continue reading…Rolling coverage of the latest economic and financial news, as Brent crude drops by 1% this morningWariness has returned to the financial markets at the start of the week, reports Susannah Streeter, head of money and markets at Hargreaves Lansdown.Investors are assessing the risks of geo-political conflict, she says, amid fresh signs of global economic slowdown and uncertainty about the trajectory of inflation.Oil prices have been fluctuating, as fresh concerns about the Middle East have been brewing, amid worries about supply issues in the region, particularly given the attacks on tankers in the Red Sea.For now, focus has switched to signs of a dwindling appetite for oil globally, which have pushed down a barrel of Brent Crude to below $78. Saudi Arabia has flagged that it is seeing softening demand, prompting it to cut crude prices for buyers in all regions in February. Continue reading…
