On May 13, 2024, the oil market witnessed a significant rebound, with prices climbing due to increased demand from the world’s leading consumers, the United States and China. This uptick erased the $1 per barrel decrease observed in the previous session. West Texas Intermediate (WTI) futures rose by 1.1% to $79.12 a barrel, while Brent […]
Related Posts
General Motors Shifts Strategy in South America
General Motors (GM) officially declared that it will shut down its assembly operations in both Colombia and Ecuador. This decision shifts focus to national vehicle marketing and after-sales services. Today, GM starts winding down Colombia’s Colmotores plant, operational since 1956. The OBB plant in Ecuador will follow, ending activities by August 2024. Despite these closures, […]
Goldman Sachs Forecasts Gold to Hit $2,900 per Ounce by 2025
Goldman Sachs has raised its gold price forecast to $2,900 per ounce for early 2025. This bullish outlook reflects growing market confidence in the precious metal’s value. Several key factors contribute to this predicted surge in gold prices. The gradual decrease in global interest rates plays a crucial role in boosting gold prices. As central […]