Oil prices slipped on Monday as concerns about rising interest rates, the global economy and the outlook for fuel demand outweighed support from the prospect of tighter supplies on OPEC+ supply cuts. Brent crude slipped 48 cents, or 0.6%, to $81.18 a barrel by 0045 GMT while U.S. West Texas Intermediate crude was at $77.39 […]
Bank of America’s Global Fund Manager Survey (FMS) for April showed that investors remain bearish since December last year as credit crunch caused a double dip in global growth and the highest bond allocation since March 2009. Around 35% of those surveyed said the US Federal Reserve would start its easing cycle in the first […]
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