Oil price rises to $33.54 as economies begins lockdown relaxation – Brent crude, the international benchmark, rose 3.2 per cent to $33.54 a barrel in Asian trading Monday, as traders responded to signs demand was recovering with parts of Europe and North America beginning to ease some virus-related restrictions.
US oil climbed above $30 and Asia stocks made modest gains as investors took heart from easing coronavirus lockdowns, even as the head of the US Federal Reserve warned a full economic recovery could take until 2021.
West Texas Intermediate, the US crude benchmark, rose 4.3 per cent to $30.68 a barrel on Monday in Asia, climbing above $30 for the first time in two months.
A month ago, prices collapsed into negative territory for the first time as a lack of storage capacity forced producers to pay buyers to take product off their hands.
“Essentially the market is now telling us that storage is not an issue at the moment,” said Robert Rennie, head of global market strategy at Westpac.
But sentiment was tempered by comments from Fed chair Jay Powell, who on Sunday warned that a full US economic recovery may take until the end of 2021 and could depend on a coronavirus vaccine being available.
“[It] could stretch through the end of next year, we really don’t know,” Mr Powell said. But he added that while net job losses would probably persist for a “couple more months” months, the economy should recovery steadily in the second half of this year barring a renewed wave of coronavirus cases.
Gold prices climbed in the wake of Mr Powell’s warning, with the spot price up 1.1 per cent at $1,759.05 per ounce — a new seven-and-a-half year high.
Mr Rennie said that while oil was buoyed by relief over the outlook for storage, the lure of gold was burnished by the re-escalation in US-China trade tensions and expectations — reinforced over the weekend by Mr Powell — that rates would remain low for longer as the world’s central banks extended easing measures to shore up the global economy.
Japan’s benchmark Topix index rose 0.4 per cent in spite of data confirming the country slipped into recession in the first quarter, while Hong Kong’s Hang Seng index gained by the same amount.
China’s CSI 300 index of Shanghai- and Shenzhen-listed stocks and South Korea’s Kospi each rose 0.7 per cent.
Futures markets pointed to gains for US stocks when trading begins on Wall Street later in the day, with the S&P 500 tipped to rise 1.1 per cent. London’s FTSE 100 was expected to gain 1.5 per cent.
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*======== = = ========*
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LAVITA PACKAGES
₦10,000——–₦20,000❌❌❌
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₦400,000——₦800,000
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₦1,000,000—₦2,000,000
NOTE: we credit your account after 45min after registeration.
INTRODUCTION
Lavita Ricca International is a company duely registered under the Coporate Affairs Commission of Nigeria and certified fraud free to do business in Nigeria by the Economic Financial Crimes Commission (EFCC). This is a Nigerian network marketing company founded by Mr. Ifeanyi Alex Monye with it’s Head Quarter’s. The company takes pride in the fact that it stands out amongst other network marketing companies. It has the best compensation plan, affordable and effective services, systems that keeps her customers coming back for more. When you join this company, you get more than their outstanding services.
CONTACT NAME:- ELIZABETH TINA
HOT LINE:+2349036369810
ITS SIMPLE HERE !!!!!!!
We trade with hard currency here like bit coin we make 3tripple of your donation and send you you two part and we benefit one part Example if you invest with 20k within 45mins we make profit of 60k then send 40k to you then profit 20k. This is not mmm where they merge people to donate for each other
You pay directly to us and we credit you directly.
+2349036369810
Note:you get credited in less than 45mins.
CHAT US-UP IF INTEREST FILL YOUR FORM AND START EARNING
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AUCTION AUCTION AUCTION!!!!
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Toyota Avalon #900,000
Toyota Avensis #950,000
Toyota Camry tiny light #450,000
Toyota Camry muscle #850,000.
Toyota Camry Big daddy #650,000
Toyota Corolla #500,000.
Toyota FJ Cruiser #2.M
Toyota Hiace #1.5m
Toyota Highlander #950,000
Toyota Hilux #1.2m
Toyota Matrix #600,000
Toyota Prado #2m
Toyota Rav4 #650,000
Toyota Sequoia #950,000
Toyota picnic #570,000
Toyota Sienna #600,000
Toyota Tacoma #2.7m.
Toyota Tundra #2.5M.
Toyota Venza #3.1M
Toyota Yaris #900,000
Volkswagen Golf 2,3,4 #250,000 /#450,000
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Volkswagen Touareg #600,000
Acura MDX #1.3
Acura TL #1M
Acura ZDX #2M
Audi A4 #500,000
Audi A6 #650,000
BMW 3-Series #650,000
BMW 5-Series #980,000
Ford Escape #600,000
Ford Explorer #900,000
Honda Baby Boy #500,000
Honda Accord 03 EOD #860,000
Honda Civic #500,000
Honda Crosstour #1.1M
Honda CR-V #750,000
Hyundai Accent #950,000.
Infiniti FX35 #1M
Infiniti FX45 #1.2M
Land Rover Discovery #3M
Lexus ex 300 #800,000
Lexus Rx330,#900,000
Lexus Rx350,#1.4m
Lexus Rx400, #2m
RANG ROVER SPORT =#2.5M.
Land Rover LR3 #950,000.
MERCEDES BENZ DIFFERENT MODEL.
NOTICE: THE PRICE OF THOSE VEHICLES DEPEND ON THEIR YEAR MODEL.
ADDRESS =WE ARE LOCATED HERE AT OGUN STATE AT IDIROKO CUSTOM COMMAND BESIDES IKPOKIA LOCAL GOVERNMENT.THANKS FOR PATRONIZING WITH US.(NCS)📠
*GOOD DAY MA/SIR*
Have you had about *LAVITA RICCA INVESTMENT* ? am not talking about MMM or Ponzi SCHEME
lavita is a matrix system which give you DOUBLE of your CAPITAL back in (45 min) after registration….
CONTACT:- 09036369810.
LAVITA PACKAGES
₦10,000——–₦20,000❌❌❌
₦20,000——–₦40,000
₦40,000——–₦80,000
₦50,000——–₦100,000
₦100,000——₦200,000
₦200,000——₦400,000
₦400,000——₦800,000
₦800,000——₦1,600,000
₦1,000,000—₦2,000,000
NOTE: we credit your account after 45min after registeration.
INTRODUCTION
Lavita Ricca International is a company duely registered under the Coporate Affairs Commission of Nigeria and certified fraud free to do business in Nigeria by the Economic Financial Crimes Commission (EFCC). This is a Nigerian network marketing company founded by Mr. Ifeanyi Alex Monye with it’s Head Quarter’s. The company takes pride in the fact that it stands out amongst other network marketing companies. It has the best compensation plan, affordable and effective services, systems that keeps her customers coming back for more. When you join this company, you get more than their outstanding services.
CONTACT NAME:- ELIZABETH TINA
HOT LINE:+2349036369810
ITS SIMPLE HERE !!!!!!!
We trade with hard currency here like bit coin we make 3tripple of your donation and send you you two part and we benefit one part Example if you invest with 20k within 45mins we make profit of 60k then send 40k to you then profit 20k. This is not mmm where they merge people to donate for each other
You pay directly to us and we credit you directly.
+2349036369810
Note:you get credited in less than 45mins.
CHAT US-UP IF INTEREST FILL YOUR FORM AND START EARNING
NOTE: You can finish reading this and decide not to take the necessary actions, but the next time you want to complain about not having money, just know that you are on your own problem. 🙏….
Learn how to turn 1k into 120k in one month. Visit, https://naijaloan.com/?iv=3714