UBS raises September forecasts by USD 10/bbl to USD 105/bbl for Brent and USD 97/bbl for WTI; if supply disruption lasts longer, oil prices could overshoot in the short term in order to trigger significant demand destruction
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Stellantis (STLAM IM) targets 8-10% adj. operating return in North America by 2030
PRIMER - Today’s Fedspeak includes: Barkin, Goolsbee
UBS raises September forecasts by USD 10/bbl to USD 105/bbl for Brent and USD 97/bbl for WTI; if supply disruption lasts longer, oil prices could overshoot in the short term in order to trigger significant demand destruction
Since last night, 30 ship owners and captains have been coordinating with the IRGC Navy to pass through the Strait of Hormuz.
UK Chancellor Reeves stands ready to act if market conditions worsen later this year
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