Oil Climbs for Sixth Day on Supply Concerns, Brent Tops $80

TOKYO—Oil markets climbed for a sixth day on Tuesday, reversing earlier losses, on fears over tight supply while surging prices of liquefied natural gas (LNG) and coal also lent support. Brent crude futures gained $1.05, or 1.3 percent, to $80.58 a barrel at 0645 GMT, after reaching its highest since October 2018 at $80.75 earlier in the session. It surged 1.8 percent on Monday. U.S. West Texas Intermediate (WTI) crude futures rose $1.06, or 1.4 percent, to $76.51 a barrel, the highest since July 6. It jumped 2 percent the previous day. “Investors remained bullish as supply disruptions in the United States from hurricanes are continuing for longer than expected at a time when demand is picking up due to easing lockdown measures and the wider rollouts of COVID-19 vaccination,” said Chiyoki Chen, chief analyst at Sunward Trading. Hurricanes Ida and Nicholas, which swept through the U.S. Gulf of Mexico …

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Japan’s Aso Urges Joint Monetary, Fiscal Policies to Spur Inflation

Tue Sep 28 , 2021
TOKYO—Japanese Finance Minister Taro Aso called on Tuesday for a combination of monetary and fiscal policies to help boost inflation towards the Bank of Japan’s 2 percent inflation target, saying easy money policy has its limit. “We must utilise both monetary and fiscal policies” to bring inflation to a certain […]
Japan’s Aso Urges Joint Monetary, Fiscal Policies to Spur Inflation

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