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Fed minutes pointed toward the strong likelihood of another quarter-point adjustment in the central bank’s benchmark rate target next month. Officials indicated that further post-meeting statements might be altered to remove the reference to “further gradual increases” in the target range as long as current conditions persist. “A couple of participants noted that the federal […]

Global oil supply hit a record high in August at 100 million barrels per day (bpd). Higher output from OPEC managed to more than offset seasonal declines from non-OPEC members, which nonetheless increased year-on-year, led by the U.S. August saw OPEC’s crude supply hit a nine-month high of 32.63 million bpd, despite falls in production […]