Weekly Economic Market Overview | 22 May 2024

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The oil price has risen to $84.28 per barrel. It seems OPEC might maintain production restrictions for the rest of the year, but there will be more clarity after June 1st when they meet again. The increase in oil prices is now driven again by escalating geopolitical conflict. The Rand remains stronger, trading at R18.17 per US Dollar, the strongest

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StudentWeekly Economic Market Overview | 22 May 2024

Weekly Economic Market Overview | 14 May 2024

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Oil prices remain at a relatively lower level, currently trading at $82.78 per barrel. It seems that OPEC may maintain production restrictions for the rest of the year, and there are still concerns about lower demand from China, which is struggling to revive its economy. The Rand continues to strengthen and is trading at R18.38 per US Dollar, with the

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StudentWeekly Economic Market Overview | 14 May 2024

Weekly Economic Market Overview | 08 May 2024

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Brent oil prices have sharply declined over the past week and are currently at $83 per barrel, with good supply from America pushing prices down and also the hope for a ceasefire in the Middle East soon. The Rand has strengthened and is trading at R18.54 per US Dollar due to the Dollar losing ground again, and it wasn’t necessarily

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StudentWeekly Economic Market Overview | 08 May 2024

Weekly Economic Market Overview | 01 May 2024

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In America, inflation remains above the target of 2%, affecting oil prices and interest rates greatly. Brent crude oil prices rose again over the past week to $89 per barrel with demand still relatively high and uncertainty persisting due to the ongoing war. The Rand strengthened and traded at R18.76 per US Dollar as the Dollar lost ground slightly over

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StudentWeekly Economic Market Overview | 01 May 2024

Weekly Economic Market Overview | 24 April 2024

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Brent oil prices dropped over the past week to $87 per barrel with the Iran-Israel war not escalating, bringing a bit more certainty about supply from the Middle East. Oil demand remains uncertain, but new statistics from America this week may provide further direction. The Rand weakened and is trading at R19.21 per US Dollar with the Dollar trading much

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StudentWeekly Economic Market Overview | 24 April 2024

Weekly Economic Market Overview | 16 April 2024

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Brent oil prices have remained relatively high this week and are now trading at $86 per barrel with geopolitical tensions creating a lot of uncertainty about supply. The Rand has also not moved much, trading at R18.96 per Dollar. There are interest rate announcements this week in South Africa that may provide more direction, but the expectation is mostly that

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StudentWeekly Economic Market Overview | 16 April 2024

Weekly Economic Market Overview | 10 April 2024

 by Student in Economic Market, Weekly Market Overview Leave a Comment

Brent oil prices have remained relatively high this week and are now trading at $86 per barrel with geopolitical tensions creating a lot of uncertainty about supply. The Rand has also not moved much, trading at R18.96 per Dollar. There are interest rate announcements this week in South Africa that may provide more direction, but the expectation is mostly that

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StudentWeekly Economic Market Overview | 10 April 2024

Weekly Economic Market Overview | 03 April 2024

 by Student in Economic Market, Weekly Market Overview Leave a Comment

Brent oil prices have remained relatively high this week and are now trading at $86 per barrel with geopolitical tensions creating a lot of uncertainty about supply. The Rand has also not moved much, trading at R18.96 per Dollar. There are interest rate announcements this week in South Africa that may provide more direction, but the expectation is mostly that

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StudentWeekly Economic Market Overview | 03 April 2024

Weekly Economic Market Overview | 26 March 2024

 by Student in Economic Market, Weekly Market Overview Leave a Comment

Brent oil prices have remained relatively high this week and are now trading at $86 per barrel with geopolitical tensions creating a lot of uncertainty about supply. The Rand has also not moved much, trading at R18.96 per Dollar. There are interest rate announcements this week in South Africa that may provide more direction, but the expectation is mostly that

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StudentWeekly Economic Market Overview | 26 March 2024

Weekly Economic Market Overview | 19 March 2024

 by Student in Economic Market, Weekly Market Overview Leave a Comment

Brent oil prices surged on Monday and are now trading at $86 per barrel, with geopolitical tensions particularly in Ukraine and the Gaza Strip creating uncertainty about supply.   The Rand weakened to R18.82 per US dollar with inflation in America remaining high, which could keep interest rates high in America and thus prompted additional demand for the Dollar.

StudentWeekly Economic Market Overview | 19 March 2024

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