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 price hits seven-month high

InternationalApr 6, 2024
Global oil price hits seven-month high

The Brent and U.S. West Texas Intermediate crude oil benchmarks rose more than USD 1 a barrel during trade on Friday due to the mounting tensions in the Middle East that could crimp supply. Market fears that the war between Israel and Hamas might descend into a broader.

As per ft. com, the Oil prices have blown through analysts’ median forecast of $83 a barrel for this quarter, according to Bloomberg data, as global petroleum demand grows when the Saudi Arabia-led Opec+ alliance is constraining supply.

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