Strategic petroleum reserve stocks are low and regulatory easing may only significantly boost U.S. long-run supply, the bank said in a client note. Oil prices rose slightly on Friday after the release of U.S. economic data that beat analyst estimates, raising investor expectation for increased crude oil demand from the world's largest energy consumer. Goldman Sachs expects Brent prices to range from $75 to $90 in 2025, assuming trend-like growth in gross domestic product (GDP) and steady oil demand as well as market balancing by the Organization of the Petroleum Exporting Countries and affiliates.
(Bloomberg) -- Equities showed signs of recovery as traders balanced resilience in the US economy with firming expectations of Federal Reserve cuts in coming months.Most Read from BloombergTrump Risks Losing Voters He Needs With Loaded Attacks on HarrisHarris Just Showed Why Trump Is So Afraid of HerMarkets Tear Up Popular Trades That Reached ‘Stupid Levels’Stocks Caught in Tug of War Between Tech and Rest: Markets WrapI Changed My Mind. The Fed Needs to Cut Rates Now.Stocks in Australia, Japan,
(Bloomberg) -- Taiwan Semiconductor Manufacturing Co. shares fell the most in three months as trading resumed in Taiwan after a two-day typhoon break, joining a global tech rout as investors dramatically soured on the promises of artificial intelligence. Most Read from BloombergTrump Risks Losing Voters He Needs With Loaded Attacks on HarrisHarris Just Showed Why Trump Is So Afraid of HerMarkets Tear Up Popular Trades That Reached ‘Stupid Levels’Stocks Caught in Tug of War Between Tech and Rest:
