OPEC Set to Boost Oil Production as Unemployment Applications Fall

Real Vision: Finance & Investing

Real Vision

News, Business News, Investing, Business

4.1 • 1.1K Ratings

🗓️ 2 July 2021

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

DB-Jul01,2021 :Real Vision’s Jack Farley welcomes Samuel Burke, managing editor, and Weston Nakamura to discuss the decline in U.S. jobless claims and surging oil prices as OPEC agrees to increase production. The trio covers the economic recovery as jobless claims decline and advanced unemployment benefits expire. Additionally, they explain the implications of OPEC’s decision to increase production starting in August as oil prices spike due to demand from wealthy countries. Burke and Farley continue to follow the delta variant as new countries institute travel restrictions to prevent the spread. For our Listeners: Head to https://www.rocketlawyer.com/workconfidently to start your free 7-day trial today. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Connect with your customers in a whole new way with Salesforce Customer 360.
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0:20.0	With Salesforce Customer 360, now everyone's an Einstein.
0:24.0	Go to Salesforce.com forward slash 360 to learn more.
0:30.0	Welcome to the Real Vision Daily Briefing.
0:35.0	I'm Jack Farley joined by Samuel Burke and Weston Nakamura.
0:39.0	It's July 1st today.
0:40.0	We had some jobless claims that posted a larger than expected decline.
0:45.0	Samuel.
0:46.0	And Jack we're also following really what's happening with all of us.
0:51.0	75 dollars of barrel it's highest since 2018.
0:56.0	I'm very curious to see what Weston sees as the developing world demand goes up.
1:01.0	But we wait for the develop developing world to have their demand growth as well.
1:06.0	Yeah, really a who's who if you look at the stocks that are going up the most in the energy market.
1:13.0	Like marathon oil really energy sector up about 1.5% today.
1:17.0	The dollar index also on the move up 0.3%.
1:21.0	Today is also the first trading day of the second half of 2021.
1:26.0	So in this episode, Samuel, I want to look back on the first half of 2021.
1:30.0	See if we can glean any lessons as well as look forward to it.
1:35.0	What we can maybe expect.
	...

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