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Global Economic Highlights and Crude Oil Trends on May 14th

May 29, 2024, 11:58 AM
TDD-global
613
On May 14th, Chinese companies secured exploration licenses for five Iraqi oil and gas fields, while CITIC Securities noted accumulating positive factors for China's asset recovery. Internationally, Iraq's stance on OPEC production cuts shifted, and U.S. inflation is expected to slow. Canada's wage growth slowdown hints at a possible June rate cut.