Oil climbs ahead of OPEC+ meeting next week

Oil prices climbed on Friday on expectations that OPEC+ will discuss output cuts at a meeting on Sept. 5, though concern over China’s COVID-19 curbs and weakness in the global economy loomed over the market. Brent crude futures were up $1.59, or 1.7%, to $93.95 a barrel by 11:19 a.m. …

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US headed to severe recession: American economist

Renowned US economist Nouriel Roubini has predicted a severe recession in the United States as the government tries to curb soaring inflation. Roubini told Bloomberg on Monday that a combination of soaring inflation coupled with stagnation would lead to an economic recession in the US and elsewhere. According to the government’s June …

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