Inflation ( CCPI)25.2% (May 2023)
GDP-12.4% (4Q 2022)
Unemployment4.8% (4Q 2022)
3M T-Bill Rate25.65%
12M T-Bill Rate22.91%
2Y T-Bond Rate29.25%/ 30.00%
4Y T-Bond Rate27.25% / 27.35%
USD/LKR297/298
Reserves $2.75Bn (April 2023)
Cum. Trade Deficit $1,443Mn (April 2023 cumulative)
Cum. Fiscal DeficitLKR 2,300 Bn (Dec 2022)

Global Crude oil price is collapsing and hit below dollar 23

EnergyMar 18, 2020
Global Crude oil price is collapsing and hit below dollar 23
This story is available exclusively to charts.lk subscribers. Become an member and start reading now.
WTI $22.94 and Brent $ 26.21.Prices were further pressured Wednesday by a surge in the U.S. dollar, which hit a three-year high of 101.02 against a basket of six global currencies, and reports that Saudi Arabia has ordered producers at the state-controlled Aramco to pump as much as 12.3 million barrels of crude each day next month as it ramps up its price war with Russi as per The street.com. Further, it says " airlines slashing capacity around the world as governments restrict travel in order to tame the coronavirus spread, and analysts forecasting sharp and recession-like pullbacks from the world's biggest energy consumers, global crude prices have been unable to find a floor since the global stock market sell-off began in late February"

Disclaimer

Charts represents an assessment of the market environment as of the date indicated and it is subject to change; and is not intended to be a forecast of future events or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the funds or any issuer or security in particular. The strategies discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase or sell, or an offer to sell or a solicitation of an offer to buy any security. There is no guarantee that any strategies discussed will be effective.

The information presented does not take into consideration commissions, tax implications, or other transactions costs, which may significantly affect the economic consequences of a given strategy or investment decision. This document contains general information only and does not take into account an individual’s financial circumstances. An assessment should be made as to whether the information is appropriate in individual circumstances and consideration should be given to talking to a financial advisor before making an investment decisions.