Hints and tips:
...Overall inflation rose 24.5 per cent year on year on December, the highest in the EU. The bloc’s average is 10.4 per cent....
...“Oil prices can swing wider than a pendulum when it comes to the perpetual Iranian nuclear talks,” said Tamas Varga at PVM Oil Associates....
...The equivalent 10-year US government bond yield rose 0.05 percentage points to 1.99 per cent....
...Tamas Varga, an analyst at oil brokerage PVM, said the group had to be wary of investors’ reaction to rising inflation as well as the market’s ability to weather any increase in supply....
...Brent rose as much as 1.1 per cent at $70.24 a barrel in early London trading, but later pulled back to $68.65....
...Gold, traditionally seen as a hedge against inflation, rose 1 per cent on Tuesday to $1,805.71 an ounce....
...“One can only wonder how long until Opec+ announces the rollover of the current output ceiling,” said Tamas Varga at oil brokerage PVM in London. Additional reporting by David Sheppard in London...
...Mr Tamas says he works only with gold frames, whether they be white, rose, pink or yellow gold. For each watch, he needs to create three unique, separate pieces to fit around the glass frame....
...Brent, the international oil benchmark, rose above $75 a barrel last week — the highest since October....
...“The higher the prices go, the harder shale producers pump,” Tamas Varga at London-based broker PVM, said. He added, an “overdue correction could be under way”....
...Oil output from Opec countries rose in May as Nigeria and Libya offset cuts from other countries within the cartel that recently signed up to a fresh round of production curbs....
...“Hopes of US stock rebalancing are being thrown into doubt,” said Tamas Varga at London-based oil broker PVM....
...“It doesn’t look the bulls will be back in charge of this market any time soon,” said Tamas Varga at London-based oil brokers PVM....
...We do not know what the future holds from this respect,” said Tamas Varga at London-based broker PVM....
...US RBOB gasoline futures rose 5 per cent to $1.53 a gallon....
...Nymex August WTI rose 33 cents to $50.48 a barrel....
...US crude oil inventories also rose last week and are above 465m barrels, a level never recorded before 2015....
...“Whether it is vindicated or not the trend has definitely turned and presently bulls are in control of the market,” said Tamas Varga of PVM in London, an oil brokerage....
...Stocks at Cushing, Oklahoma, the delivery point for the benchmark US oil futures contract, also rose 1.2m barrels to 42.6m barrels....
...Output from the oil producing nations that make up Opec rose sharply in March, led by Saudi Arabia, its de facto leader, adding to a supply glut that has pressured crude prices....
...Nymex January West Texas Intermediate rose 83 cents to $56.74 a barrel....
...Annual per capita consumption of noodles in Indonesia rose by an average of 5.2 per cent from 2001, to reach 66 packets a year in 2007....
...By Ferenc Kumin and Tamás Lánczi of the Századvég Foundation, Budapest, a conservative-leaning political and economic think tank....
...Yields on 10-year bonds rose by 10 basis points to 9.66 per cent....
...Tamas Fellegi, the chief negotiator, was due to meet IMF managing director Christine Lagarde, on Wednesday, and Olli Rehn, the EU’s economy commissioner, on Thursday....
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