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BofA's Francisco Blanch: We have a surplus of oil and prices will likely keep trending lower
Youtube· 2025-10-31 16:58
Oil Market Outlook - The current outlook for oil remains bearish, with a surplus in the market leading to a projected decline in prices [2][3] - Prices are expected to average in the low $60s for Brent and high $50s for WTI over the next few months, with potential stabilization and recovery in the longer term [4] Natural Gas Market Dynamics - The U.S. natural gas market is experiencing volatility, with current storage levels slightly below 3.9 trillion cubic feet and an expected addition of 30 billion cubic feet next week [6][7] - Strong liquefied natural gas (LNG) export rates are providing a price floor, despite domestic demand being weaker [8][11] Geopolitical Influences on Energy Commodities - Sanctions on Russia and ongoing conflicts are tightening the market for certain energy commodities, although a significant surplus remains [3][10] - European efforts to reduce reliance on Russian gas are accelerating, with a new target date for curtailing imports set for the end of 2026 [12] Gold Market Insights - Gold purchases have surged, with estimates of investor buying reaching $140-$150 billion in a single quarter, although October has seen some volatility [13][14] - Central banks continue to buy gold, driven by geopolitical risks and inflation concerns, with a long-term target price of $5,000 anticipated [15][16]
X @The Wall Street Journal
Shoppers and retailers are returning to the Midwest’s most prominent shopping strip, signaling that a budding recovery is under way on Chicago's famed Magnificent Mile.🔗: https://t.co/mnJdf5TN3J https://t.co/uIfq2PjjY9 ...
X @The Economist
The Economist· 2025-10-30 21:10
A luxury mansion in Shanghai sold for $38m. That the wealthy are prepared to pay such an exorbitant price is being interpreted as a sign that a huge and interminable crisis might finally be ending https://t.co/CfwGDBLham ...
San Francisco Mayor Daniel Lurie: We are open for business
CNBC Television· 2025-10-30 19:00
Let's talk about it with Daniel Lori. He is the mayor of this city along with Kate Rogers. Covers restaurants and small business.Oh, and by the way, lives here. >> I do not. Kate, this is a critical uh interview in many different ways because it's a national conversation.This city is so important. We talk about AI, >> Mr. . Mayor, every day on this very fine network.How much is AI and the spending that goes along with it playing a role in San Francisco's economy. the this is the innovation ecosystem of the ...
X @The Wall Street Journal
Shoppers and retailers are returning to the Midwest’s most prominent shopping strip, signaling that a budding recovery is under way on Chicago's famed Magnificent Mile https://t.co/dvhrRRqrU6 ...
X @The Wall Street Journal
Not long ago San Francisco was gripped by shattered storefronts, smashed car windows and tent encampments. Now it’s rebounding, in no small part thanks to the AI boom. https://t.co/WshHbbxqWr ...
X @BBC News (World)
BBC News (World)· 2025-10-17 03:23
China's biggest shopping event starts five weeks early to revive spending https://t.co/8imndmuk6Q ...
X @Bloomberg
Bloomberg· 2025-10-01 02:45
Market Outlook - Indian stocks are expected to rebound following a difficult period [1] - Market observers are optimistic about a potential trade agreement with the US [1] - Consumption tax cuts are anticipated to bolster the recovery [1]
X @Bloomberg
Bloomberg· 2025-09-30 06:10
After a difficult few years, cafés and restaurants are full again as tourists—and influencers—return to the cosmopolitan streets of Lebanon’s capital https://t.co/2Odu5pahRr ...
X @Bloomberg
Bloomberg· 2025-09-26 13:16
China’s central bank has pledged to maintain a moderately loose monetary stance and ample liquidity to support economic recovery, as the economy continues to face challenges from insufficient domestic demand and low prices https://t.co/j5JQaI7zJg ...