US officials are discussing the potential for oil to reach USD 150/bbl, Politico reports citing sources; department now sees as likely to remain above USD 100/bbl for some time, while USD 200/bbl is not ruled out
The discussion among US officials regarding the potential for oil prices to reach USD 150/bbl highlights rising concerns about persistent high energy prices, with USD 100/bbl becoming a new baseline expectation.
ECB's Makhlouf says he's not ruling anything in or out; a prolonged war would bring the ECB's adverse scenario closer
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US officials are discussing the potential for oil to reach USD 150/bbl, Politico reports citing sources; department now sees as likely to remain above USD 100/bbl for some time, while USD 200/bbl is not ruled out
BYD (1211 HK) says March vehicle sales were 300,222 units; March overseas vehicle sales +65.2% Y/Y
Japanese PM Takaichi says Japan will work with France to strengthen supply chains, including rare earths; an agreement was reached to strengthen defence ties with France
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- "The planning does not mean the White House expects a barrel of oil to hit those record price peaks, but officials are now exploring ideas to prevent that from happening in what one industry observer close to the White House called an 'all hands on deck' mode."
While the administration is seeking ways to mitigate this upward pressure, the mention of USD 200/bbl not being ruled out suggests significant volatility in the market, which could impact inflation and broader economic conditions.
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