OPEC, Allies Near Agreement for Small Production Increase

The Organization of the Petroleum Exporting Countries and its allies are closing in on an agreement to modestly boost their collective oil output by as much as 500,000 barrels a day starting next month, people familiar with the matter said. The agreement would mark a compromise among some of the world’s biggest producers as theyContinue reading “OPEC, Allies Near Agreement for Small Production Increase”

The Market Should Worry About 2022, Not 2021

Amid a wave of optimism in financial markets, investors can relax about the expected profit rebound in 2021. They might worry more about 2022. Even as Western nations struggle to contain another jump in Covid-19 infections, most S&P 500 sectors are now up year-to-date. Yet equities didn’t get much of a boost Wednesday when the U.K.Continue reading “The Market Should Worry About 2022, Not 2021”