Your Daily Brief For September 29th

Your Daily Brief For September 29th

5 months ago1 min

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In today’s Daily Brief, we'll look at what soaring oil prices mean for the economy – and the energy transition.

"The International Energy Agency may be cheering on this whole debacle, since higher oil prices could encourage the world to use more alternative energy sources."

Key takeaways:

  • A key benchmark of US oil prices hit its highest point in over a year, as supply cuts continued to pile pressure onto the market
  • Global deal activity sunk to a decade low, indicating that high interest rates are slowing down both businesses and banks


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