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China consumer prices decline for a second straight month; producer deflation deepens newsthirst.

China’s consumer prices contracted for a second straight month, while producer price deflation got further entrenched, as Chinese exporters brace for more pain amid an escalating trade war with the U.S. Consumer price index slid 0.1% year on year in March, remaining in deflationary territory after having contracted 0.7% in February, according to data released…

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Why OPEC+ is accelerating oil production as prices tank, tariffs hit newsthirst.

The Phillips 66 Company’s Los Angeles Refinery in California. Bing Guan | Reuters The oil price outlook is being hit with more bearish forecasts on the back of U.S. President Donald Trump’s sweeping and market-hammering tariff announcements. Businesses and investors worry that a trade war and lower global growth lies ahead. Goldman Sachs on Thursday…

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Eight OPEC+ producers accelerate crude oil output hikes, pushing oil prices 6% lower newsthirst.

A view shows the logo of Organization of the Petroleum Exporting Countries (OPEC) during the United Nations climate change conference COP29, in Baku, Azerbaijan November 13, 2024.  Maxim Shemetov | Reuters Eight key OPEC+ producers on Thuesday agreed to raise combined crude oil output by 411,000 barrels per day, speeding up the pace of their…

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