Defense Secretary Lloyd Austin warned of “unthinkable” military ties developing between Russia and Iran, the Financial Times reported Monday. Geopolitical risks “remain elevated as some uncertainty was thrown into mix after reports that Russia and Iran could foster a secret nuclear deal that could give Iran uranium transfers,” said Edward Moya, senior market analyst at OANDA. Oil prices also got a boost following news of a potential military tie and nuclear deal between Russia and Iran. The economy grew by only 3% last year, falling well short of the government’s 5.5% target, a miss blamed in large part on lockdowns. Increased 1.7% to $2.7965 a gallon, while April heating oilĭropped 14.5% to $2.572 per million British thermal units, giving back a big chunk of last week’s 18% rally.Ĭhinese Premier Li Keqiang, the country’s top economic official, on Sunday announced this year’s growth target was “around 5%” following the end of COVID-related controls that kept millions of people at home and triggered protests. Rose 35 cents, or 0.4%, to $86.18 a barrel on ICE Futures Europe, the highest finish in three weeks. Front-month contract prices, which had touched an intraday low of $78.32, ended the session at their highest since Jan. West Texas Intermediate crude for April deliveryĬlimbed 78 cents, or 1%, to settle at $80.46 a barrel on the New York Mercantile Exchange. Oil futures settled higher on Monday, giving up early declines, as traders shook off energy-demand concerns tied to the 5% economic growth target set by China’s National People’s Congress.
0 kommentar(er)
