Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.14%
12M T-Bill Rate9.95%
2Y T-Bond Rate10.10%/ 10.20%
4Y T-Bond Rate11.60% / 11.70%
USD/LKR303/304
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

Global Oil prices at 9-month low as it fell by USD 2/bbl

EnergySep 27, 2022
Global Oil prices at 9-month low as it fell by USD 2/bbl

Global Fuel prices fell USD 2 a barrel on Monday with the dollar index hitting a two-decade high and recession fears. The impact of a strong dollar on oil prices is at its most pronounced in more than a year, Reuters reports.

Despite the sentiment, JP Morgan expected Brent crude to rebound to USD101 in the fourth quarter. Goldman Sachs is also bullish and expects to hit USD 125 next year.

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