A 25-basis point interest rate hike by the Federal Reserve in May is now more likely to materialize as a result of the surprise oil production cut announced on Sunday by OPEC+, futures traders predict.
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Opec+ makes surprise output cuts of more than 1mn b/d\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
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Opec+ makes surprise output cuts of more than 1mn b/d\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
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FirstFT: Opec+ makes surprise cuts in oil production\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
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Oil prices surge as Opec+ makes unexpected production cut\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
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Goldman Sachs Raises Oil Price Forecast Following OPEC+ Cut | OilPrice.comJust hours after OPEC+ shocked markets with an announcement that it would cut oil production further, Goldman Sachs boosted its oil price forecast for 2023 by $5.
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Oil Prices Soar As OPEC+ Shocks The Market | OilPrice.comOPEC+ has sent oil prices soaring with its surprise announcement - an announcement that it is notable was made outside its regular monthly meeting.
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