On Monday, oil prices increased for the fourth session in a row as reports of Saudi Arabia prospectively pushing Russia and fellow OPEC countries to cut supply by the end of the year.
By morning Greenwich Mean Time, Brent crude futures went up 24 cents to $67/barrel and US futures jumped 38 cents to $56.84.
Saudi Arabia is pushing The Organization of the Petroleum Exporting Countries to ramp down output by 1 million to 1.4 million bpd (barrels per day) in a bid to reduce unused fuel.
According to Russian Energy Minister Alexander Novak, non-OPEC member Russia looks to sign an agreement with the group, of which the details are expected after the Dec. 6 Vienna OPEC meet.
Brent had peaked in early October at $86.74, but the record output from the United States, Russia and Saudi Arabia has hit demand.
PepsiCo Inc. (NASDAQ: PEP) reported first quarter 2021 earnings results on Thursday that topped expectations on both the top and bottom lines. The stock has gained 7% in the past
Emerging from the slowdown caused by coronavirus, the financial services sector entered fiscal 2021 on a bright note, thanks to improving economic activity and the COVID-driven boom in stock trading.
Artificial Intelligence has become an integral part of the US economy. According to the analyst’s insights, AI market revenue in 2020 was $25.9 billion. The AI market in the North