Investors seem to be betting history will repeat itself, with the Federal Reserv...
LONDON - Investors seem to be betting history will repeat itself, with the Federal Reserve cutting interest rates to keep the U.S. expansion going, just as it did in 1998, producing one final bull run in oil and equity markets.
Prompt reductions helped to ensure the U.S. economy continued expanding for another 30 months before finally entering recession in April 2001, according to the National Bureau of Economic Research. Brent’s six-month month calendar spread swung from a contango of more than $2 a barrel in the summer of 1998 to backwardation above $4 by the start of 2000 as excess inventories evaporated.
Unemployment was at 4.6 percent, the lowest for a quarter of a century, while core consumer prices excluding food and energy were rising at 2.8 percent a year . At the same time, U.S. equity indices and Brent spot prices are pushing steadily higher, implying that the U.S. and global economies will avoid a severe slowdown.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Suspect in 1999 shooting of NYPD officer arrested in FloridaNEW YORK (AP) — A man wanted in the 1999 shooting of an off-duty New York Police Department officer who later died from his injuries was arrested in Florida almost two decades after the incident, and the head of the NYPD on Sunday offered his thanks to fellow law enforcement for their perseverance.
Read more »
Alabama man charged with capital murder in connection to 1999 killing of two teenagersAn Alabama man has been charged with capital murder in connection to the 1999 killing of 2 teenage girls.
Read more »
DNA links suspect to 1999 cold case murders of 2 Alabama teenage girls, police sayAlabama police have linked a suspect to the 1999 cold case murders of two 17-year-old girls using DNA and genetic genealogy. Investigators identified Coley McCraney, of Dothan, Alabama, in the murders of J.B. Beasley and Tracie Hawlett as the case closed in on two decades without being solved, Ozark
Read more »
Is Climate Change Really Scaring Investors Away From Big Oil?Big oil keeps talking about climate change to explain low valuations. Is that really a good strategy?
Read more »
Shale oil drillers gave stock shareholders what they wanted, then investors punished them anywayOil companies drilling in shale basins like the Bakken have cut back on spending to increase return to shareholders as oil prices are pressured, but investors are punishing the stocks anyway, since it is leading to lower production-growth forecasts.
Read more »
Venezuela may divert U.S.-bound oil to Russia, says Jose generator back onlineVenezuela's oil minister and president of state-run oil company PDVSA, Manu...
Read more »