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Oil Price - Tight supply to support oil prices in H2, Morgan Stanley says
Morgan Stanley expects the oil market to tighten during the third and fourth quarter of 2023, supported by a recovery in demand prompted by China reopening its borders among other factors.
USD/CAD remains depressed amid uptick in oil prices, holds above 1.3400 mark
USD/CAD struggles to capitalize on the overnight bounce and edges lower on Wednesday. An uptick in crude oil prices underpins the Loonie and caps the upside amid a softer USD. Traders seem reluctant and prefer to wait for the release of the US CPI report on Thursday.
Oil price down on interest rate fears but predictions are for surge later in 2023
Oil prices fell on Tuesday ahead of a speech by US Federal Reserve chair Jerome Powell, where he could confirm further interest rate
Olive oil prices soar by 11.9% with one 1-litre bottle setting you back £11
Between December 2021 and last month, the price of the average bottle of olive oil increased by 11.9%, with the cost of Britain’s bestselling stock almost doubling in price to £11 as supplies run low.