Tag: U.S.

Oil Prices Fall on Fears of U.S. Shale Production Increase Combined with Weariness of OPEC Deal

Oil Prices Fall on Fears of U.S. Shale Production Increase Combined with Weariness of OPEC Deal

Despite optimism experienced in previous trading sessions regarding the OPEC supply cuts ironed out in the November oil production deal last year, fears of a U.S. shale production increase combined with an apparent rise is scepticism regarding OPEC's capacity to maintain the promised production cuts have pushed oil lower. Brent crude oil, the global benchmark had … Continue reading Oil Prices Fall on Fears of U.S. Shale Production Increase Combined with Weariness of OPEC Deal

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Analysts Predict Trump Inauguration Will Continue Lifting U.S. Bank Stocks

Analysts Predict Trump Inauguration Will Continue Lifting U.S. Bank Stocks

The election of Donald Trump brought with it a considerable rise in many U.S. bank stocks, on the notion proposed during the President-Elect's campaign of reduced regulation and a generally more laissez-faire approach to the banking sector. Significant increases experienced by U.S. banking giants such as Citi Group, Bank of America and JPMorgan Chase subsequent to … Continue reading Analysts Predict Trump Inauguration Will Continue Lifting U.S. Bank Stocks

U.S. December Job Growth Poorer than Expected

U.S. jobs data was poorer than many analysts had been expecting, with a gain of 156,000 jobs in December, and the unemployment rate rising to 4.7%, representing a 0.1% increase from November 2016. However, U.S. unemployment spent 2016 at record lows, with the highest figure posted apparent in March and April, when jobless figures rose to … Continue reading U.S. December Job Growth Poorer than Expected